Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday as traders took profit after a four-day run-up, a dealer said.He said the prices, which were generally firmer in the early period of trading, retreated at the close as players continued to trim their positions.
At close yesterday, June 2009 declined RM35 to RM2,645 per tonne, July 2009 dipped RM32 to RM2,627, August 2009 dropped RM27 to RM2,598 and September 2009 decreased RM29 to RM2,591.
Total volume fell to 9,386 lots from 12,801 lots Monday and open interests decreased to 77,317 contracts from 79,041 contracts previously.
On the physical market, June South was lower by RM50 to RM2,650 a tonne.
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