CPO Futures Up on Bullish Trading

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended higher yesterday, lifted by stimulus hopes in the US and the European Central Bank’s policy meeting this week, dealers said.

The market players were also awaiting the July palm oil export data following weak data for July 1 to 25 period, a dealer said.

August 2012 edged up RM104 to RM3,005 a tonne, September 2012 rose RM98 to RM3,013, October 2012 added RM67 to RM2,994 and November 2012 gained RM85 to RM3,020.

 
Volume fell to 24,699 lots from 32,356 lots last Friday, while open interest rose to 129,424 from 116,012 contracts. On the physical market, August South was up RM70 at RM2,990 a tonne.

 

Source : Business Times

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