CPO Futures Hits 14-month High

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives climbed to a 14-month high yesterday on expectations of lower output, a dealer said.

Meanwhile, spot month December 2013 gained RM71 to RM2,653 a tonne, January 2014 firmed RM71 to RM2,652, February 2014 appreciated by RM73 to end the day’s trade at RM2,653 and March 2014 increased by RM72 to close at RM2,652. 

Volume increased to 45,262 lots from 33,662 lots on Wednesday, while open interest advanced to 194,158 contracts from 183,372 contracts previously.

On the physical market, December South gained RM60 to RM2,650 a tonne.


Source : Business Times 

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