CPO Futures Down on Profit-Taking

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives

closed lower yesterday in brisk trading on profit-taking, dealers said.

Cargo surveyor Intertek Testing Services reported Malaysian exports of

palm oil products for June rose 6.32 per cent to 1.440 million tonnes

from 1.354 million tonnes recorded in May.

July 2011 and August

2011 contracts fell RM33 each to RM3,107 per tonne and RM3,085

respectively, while September 2011 fell RM37 to RM3,072 and October 2011

was lower at RM32 to RM3,070.

Turnover rose 22,711 lots from 14,821 lots on Wednesday and open interest rose to 117,714 lots from 117,154.

On the physical market, July South fell to RM3,130 per tonne from RM3,140.

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