CPO Futures Up on Export Prospects

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on expectations of better palm oil export figures, dealers said.

April and May both improved RM42 to RM2,357 a tonne and RM2,374 a tonne respectively, June soared RM45 to RM2,382 and July added RM41 to RM2,386 a tonne.

Turnover increased to 34,406 lots from 31,364 lots on Monday while open interest advanced to 184,918 contracts from 184,440 contracts on Monday.

On the physical market, April South gained RM20 to RM2,360 a tonne.

Source : Business Times 

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