CPO Futures End Marginally Higher

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended mixed yesterday, with the near months continuing their upside, but the far months were in the negative territory.Speculators continued to provide support despite renewed concerns over the eurozone debt crisis, which stoked fears of a new recession.

April 2012 rose RM10 to RM3,600 a tonne and May 2012 gained RM12 to end at RM3,574 a tonne. June 2012 rose RM1 to RM3,558 a tonne and July 2012 gained RM12 to RM3,532 a tonne.

Volume rose to 20,806 lots from 20,989 lots, while open interest fell to 121,237 contracts from 137,877 contracts.

On the physical market, April South rose to RM3,550 a tonne. Bernama

Source: Business Times

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