CPO Futures End Firmer In Quiet Trade

KUALA LUMPUR: The crude palm oil futures ended firmer prompted by speculative play yesterday, dealers said.

Jim Teh, Senior Palm Oil Trader, Interband Group of Companies, said the market was quiet with demand remaining lacklustre in line with most other commodities due to economic uncertainties in Europe, China and the US.

June 2012 and July 2012 rose RM8 each to RM2,953 and RM2,960 a tonne, respectively, August 2012 rose RM13 to RM2,966 and September 2012 added RM12 to RM2,961.

Volume rose to 33,420 lots from 42,377 lots while open interest rose to 101,035 contracts from 98,402 contracts.

On the physical market, June South rose RM20 to settle at RM2,990 a tonne.

Source: Business Times

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