Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday on profit-taking activities after Monday’s run-up, dealers said.
They said the market, which had been on the upward trend, failed to sustain its momentum ahead of the release of the export figures.
The cargo surveyors are scheduled to release their latest reports today.
At close, April 2009 fell RM48 to settle at RM2,072 per tonne, May 2009 went down RM72 to RM2,012 per tonne, June 2009 decreased RM50 to RM1,980 per tonne and July 2009 was RM30 lower at 1,950 per tonne.
Turnover for the day dropped to 12,465 lots from 17,506 lots recorded on Monday and open interests declined to 92,694 contracts from 93,132 contracts previously.
On the physical market, April South was traded slightly lower at RM2,120 per tonne compared to RM2,130 per tonne on Monday.
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