February 12, 2009 3:00 GMT+8
Crude palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday on profit-taking after Tuesday’s rally, a dealer said.The benchmark third month April 2009 slipped RM44 to settle at RM1,925 per tonne.
“The CPO market yesterday was influenced by the weaker crude oil and soyoil market,” the dealer said. As for the CPO contracts, February 2009 lost RM45 to RM2,001 per tonne, March 2009 fell RM44 to RM1,955 per tonne and May 2009 declined RM42 to RM1,920 per tonne.
The day’s volume stood at 17,768 lots compared with 16,291 lots Tuesday. Open interests decreased to 83,715 contracts from 86,134 contracts previously. On the physical market, February South was unchanged at RM1,980 per tonne from Tuesday’s closing.
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