CPO Futures Rise on Mild Buying Interest

KUALA LUMPUR: Crude palm oil futures ended slightly higher yesterday on mild buying interest, dealers said.

They said the market remained weak as buyers were concerned about the slowdown in the global economy.

“Reports of higher inventory still lingered and there were no fresh news to push up the market,” a dealer said.

Spot month November 2012 lost RM4 to RM2,393, December 2012 rose RM5 to RM2,440, February 2013 gained RM8 to RM2,503 while benchmark January 2013 increased RM5 to RM2,471.


Turnover rose to 44,600 lots from 40,889 lots while open interest fell to 174,059 contracts from 177,596 previously. On the physical market, November South rose RM10 to RM2,360 a tonne.


Source : Business Times

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