CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday, taking the cue from the bearish stock and output numbers for August released by Malaysian Palm Oil Board (MPOB) yesterday, a dealer said.
September rose by RM2 to close at RM3,132 a tonne while October and November went up RM20 each to RM3,107 and RM3,070, respectively.
December gained RM22 to close at RM3,061. Turnover fell to 10,879 lots from 16,106 lots last Friday while open interest dropped to 134,162 contracts from 134,634 contracts last Friday.
On the physical market, September South fell by RM10 to RM3,130 a tonne from RM3,140 a tonne last Friday. – Bernama
Source: Business Times