CPO Futures Lower on Profit-Taking

KUALA LUMPUR: Crude palm oil futures closed slightly lower yesterday on profit taking, a dealer said.

He said investors were reluctant to hold positions ahead of the weekend and the Bursa Malaysia Palm Oil Conference to be held here next week.

March 2012 fell RM20 to RM3,235 a tonne, April 2012 shed RM18 to RM3,250 , May 2012 lost RM26 to RM3,259 and June 2012 slipped RM24 to RM3,256.

Volume fell to 20,256 lots while open interest fell to 123,480, from 127,441 contracts. On the physical market, March South fell RM10 to RM3,230 a tonne. Bernama

Source: Business Times

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