Commodity Roundup
Business Times
Thursday - September 27, 2007
Commodity Roundup: CPO futures lower on profit-taking
CPO FUTURES
Crude palm oil futures prices on Bursa Malaysia Derivatives Bhd closed easier for the consecutive day yesterday on profit-taking following the recent solid gains, said dealers.
It had closed to its near four month high on Monday.
The dealers said the fall was also in line with the weak soyaoil performance, which hit its two-week low.
However, dealers said general sentiment remained strong, spurred by higher export numbers for the first 25 days of September, up by about 13 percent over the same period last month.
Spot month Oct 2007 eased RM41 to settle at RM2,640 per tonne, Nov 2007 shed RM50 to RM2,618, Dec 2007 slipped RM43 to RM2,612 and Jan ང fell RM40 to RM2,605 per tonne.
At close, overall volume stood at 9,212 lots, up from yesterday’s 8,691 lots, while open interest fell to 49,322 contracts versus 49,674 contracts previously.
On the physical market, September South declined to RM2,670 per tonne from Tuesday RM2,710 per tonne.
