CPO Futures Down on Profit Taking

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said.

September 2011 contract fell by RM22 to close at RM3,139 a tonne, October 2011 decreased RM34 to RM3,070, while November and December 2011 declined by RM32 each to RM3,036 and RM3,022 respectively.

Turnover declined to 19,825 lots from 21,948 lots on Tuesday while open interest rose to 129,451 contracts from 127,134 contracts previously.

On the physical market, September South declined RM15 to RM3,150 per tonne.

Source: Business Times

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