CPO Futures Up on Renewed Interest

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday on renewed buying interest, dealers said. 

Spot month April 2013 rose RM5 to close at RM2,410 a tonne while May 2013 increased by RM7 to RM2,434 a tonne. 

June 2013 appreciated by RM11 to RM2,448 while July 2013 added RM12 to RM2,454. 

Turnover jumped to 34,133 lots from Tuesday’s 22,246 while open interest rose to 195,355 contracts from 182,742 contracts yesterday.


On the physical market, March South closed out the day RM10 higher at RM2,430 a tonne.


Source : Business Times 

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