CPO Futures Close Higher

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday.

Spot month September 2012 rose RM10 to RM2,925 a tonne, nearby October 2012 was RM1 higher to RM2,969 a tonne, November 2012 increased RM19 to RM3,019 a tonne and December 2012 surged RM26 to RM3,042 a tonne.

Volume rose to 42,592 lots from 40,158 lots on Wednesday while open interest rose to 169,237 contracts from 164,344 contracts before.
On the physical market, September South slipped RM10 to RM2,910 a tonne.

Source : Business Times

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