KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday with a firm bias due to the weakening of the ringgit against the US dollar.
Both February 2014 and March 2014 was RM29 higher at RM2,586 and RM2,594 a tonne, respectively, April 2014, May 2014 and June 2014 edged up RM27 to RM2,602, RM2,602 and RM2,600 a tonne, respectively, while July 2014 added RM26 to RM2,591.
Turnover dwindled to 24,668 lots from Wednesday’s 32,845 lots while open interest advanced to 192,541 contracts from 190,944 contracts.
On the physical market, February South increased RM30 to RM2,590 a tonne.
Source : Business Times