CPO Closed Higher

KUALA LUMPUR: Crude palm oil (CPO) futures contracts prices on Bursa Malaysia Derivatives closed higher as traders turn cautious over the soyabean oil futures amid bad weather in the US, dealers said.

Meanwhile, spot month September 2012 surged RM82 to RM3,017 a tonne, October 2012 jumped RM59 to RM3,041 a tonne, November 2012 rose RM50 to RM3,061 a tonne and December 2012 gained RM38 to RM3,075 a tonne. 

Volume increased to 43,116 lots from 41,149 lots on Wednesday while open interest rose to 154,036 contracts from 147,369 contracts.

On the physical market, September South closed RM50 higher to RM3,020 a tonne. Bernama

Source :  Business Times

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