CPO Futures Up on Window-dressing

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives strengthened at close yesterday on “window-dressing” activity, said a dealer. 

Interband group senior palm oil trader Jim Teh said the higher crude palm oil prices yesterday were due to the general election fever, which helped uplift the market sentiment. 

At the end of the trading hour, spot month April 2013 gained RM7 to RM2,436 a tonne, May 2013 added RM9 to RM2,449 a tonne, June 2013 jumped RM15 to RM2,456 a tonne and July 2013 was RM15 higher to RM2,457 a tonne.

Source : Business Times

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