KLCE MID CPO CLOSING COMMENT

BMD CPO futures lower midday, erase all early gains on profit-taking. Some investors don't want to hold on to positions due to upcoming holiday, says vegetable oils importer in Mumbai; BMD closed Monday for public holiday.Slowdown in production can support CPO above MYR1,850/ton in near term, says Malaysia-based trader. Benchmark BMD AprilCPO futures trading MYR15 lower at MYR1,864/ton, off intraday high of MYR1,908/ton.