Palm Futures Mixed in Profit Taking

The Malaysian Palm Oil Board is expected to release production and stock data on tomorrow. At close, spot month December 2009 was unchanged at RM2,490 per tonne while January 2010 fell RM7 to RM2,543 per tonne. February 2010 eased RM1 to RM2,561 per tonne but March 2010 rose RM3 to RM2,560 per tonne. Turnover dropped to 13,138 lots from 14,729 lots registered Monday while open interest declined to 87,061 from 91,399 contracts previously. On the physical front, December South remained unchanged at RM2,500 per tonne. Source : Business Times

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