CPO Futures Down on Profit Taking

CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended lower yesterday on profit-taking activities and long liquidation, dealers said. Players stayed on the sidelines after lower soyabean prices on the Chicago Board of Trade, said a dealer. September 2010 and October 2010 declined RM35 each to RM2,735 and RM2,650 a tonne respectively, November 2010 was RM36 lower at RM2,610 and December 2010 fell RM34 to RM2,602 .

Volume was higher at 28,150 lots compared to 21,589 lots on Tuesday while open interest rose to 65,245 contracts from 65,056 previously. On the physical market, August South fell RM10 to RM2,760 from RM2,770 previously.

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