CPO Climbs for Second Straight Day

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives climbed for a second consecutive day to close higher yesterday on continued buying interest, a dealer said.

At the close, October 2014 advanced RM27 to RM2,205 a tonne, November 2014 and December 2014 both gained RM44 to RM2,202 and RM2,197 a tonne, respectively, while January 2015 surged RM41 to RM2,214 a tonne.

Volume increased to 47,528 lots from 41,137 lots on Wednesday while open interest expanded to 306,630 contracts from 297,107 contracts previously.

On the physical market, October South was RM40 higher at RM2,220 a tonne. Bernama

 

Source : New Straits Times

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