CPO Futures Rise On Late Buying

KUALA LUMPUR: Crude palm oil (CPO) futures prices rebounded yesterday when late buying interest emerged at the end of the trading session.

Cargo surveyor Intertek Testing Services export data from March 1-25 showed Malaysian exports of palm oil products fell 11.5 per cent to 927,290 tonnes.

April 2014 and May 2014 gained RM4 to RM2,797 and RM2,739 a tonne, respectively, June 2014 added RM9 to RM2,711 and July 2014 increased by RM15 to RM2,686.

Turnover rose to 71,193 lots from 63,796 while open interest improved to 255,498 contracts from 250,645.

On the physical market, April South fell RM10 to RM2,850 a tonne. Bernama

Source: Business Times

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