CPO Futures Down on Profit Taking

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit taking after the recent strong performance, said dealers.

October 2011 slipped RM19 to RM3,080 per tonne, November 2011 fell RM29 to RM3,049, December 2011 dropped RM29 to RM3,041 and January 2012 decreased RM28 to RM3,042.

Turnover fell to 14,092 lots against 30,048 lots recorded last Thursday while open interest eased to 137,222 contracts from 141,333 contracts.

On the physical market, September South fell RM20 to RM3,100 per tonne.

Source: Business Times

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