CPO Futures Rise on Tight Supply

CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday on tight supply due to heavy rains in major producing

countries, dealers said.

The local market is closed today for the Federal Territory Day.

February rose RM75 to RM3,840 a tonne, March increased RM89 to RM3,832,

April improved RM109 to RM3,809 and May gained RM109 to RM3,760.

Turnover rose to 19,085 lots from 16,934 lots last Friday while open

interest fell to 92,103 from 92,488 contracts previously. On the

physical market, February South climbed to RM3,840 compared with

RM3,760 last Friday.

Source : Business Times

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