CPO Futures Uptrend Continues

KUALA LUMPUR: Crude palm oil futures contracts continued their uptrend yesterday to close mostly higher following a technical rebound and positive sentiment.

An investment analyst said the higher CPO futures were also due to the positive impact from the export estimates.

Spot month May 2013 gained RM25 to RM2,310 a tonne, June 2013 increased RM26 to RM2,322, July 2013 improved RM20 to RM2,309 and August 2013 rose RM13 to RM2,298.

Turnover slipped to 24,489 lots from 24,635 lots, while open interest slipped to 178,106 contracts from 181,315 contracts previously.


On the physical market, May South improved to RM2,315 from RM2,290 on Wednesday.


Source : Business Times 

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