Palm Futures Mixed on Lukewarm Response

KUALA LUMPUR:LONDON: Crude palm oil (CPO) futures contracts on the Bursa Malaysia Derivatives closed mixed yesterday following lukewarm forecast by leading industry analyst, Dorab Mistry, on CPO prices this year. 

March 2013 rose RM1 to RM2,386 a tonne, April 2013 added RM4 to RM2,391, while May 2013 was unchanged at RM2,399, but June 2013 was RM1 lower at RM2,407.

Turnover advanced to 20,945 lots from 19,877 lots while open interest rose to 186,533 contracts from 185,624 contracts previously.

On the physical market, March South was unchanged at RM2,390 a tonne.


Source : Business Times

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