CPO Futures Rise on Supply Worries

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended

higher yesterday as traders anticipated tight supply and stocks as a

result of heavy rains, dealer said.

Traders predict stocks would reach the lowest level in four years by the end-December.

January

gained RM5 to RM3,575 per tonne, February increased RM15 to RM3,562,

March gained RM15 to RM3,518 and April rose RM40 to RM3,491. Turnover

was higher at 18,308 lots, from 17,341 lots last friday.

On the physical market, January South was RM10 higher at RM3,580 per tonne.

Source : Business Times

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