CPO futures end lower in thin trade

CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday in thin trading on lack of buying interest, a dealer said.

She said mild profit-taking prevailed throughout the day.

August 2011 fell RM1 to close at RM3,140 a tonne and September 2011 lost RM7 to RM3,121 while, October 2011 went down RM8 to RM3,113 a tonne and November 2011 shed RM11 to RM3,109.

Turnover rose to 20,290 lots from 17,380 lots on Monday while open interest declined to 131,887 contracts from 132,395 previously.

On the physical market, August South was up RM10 to RM3,160 a tonne. – Bernama

Source: Business Times

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