Palm Futures Move Higher

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives turned higher yesterday following the continued downtrend on the CPO prices recently, which has stoked demand, dealers said. 

March increased RM50 to RM2,400 a tonne, April added RM45 to RM2,405, May rose RM43 to RM2,411 and June was RM45 higher at RM2,422.

Turnover dropped to 32,005 lots from last Friday’s 35,258 lots while open interest advanced to 198,360 contracts from 195,630 contracts previously. 

On the physical market, March South rose RM50 to RM2,390 a tonne.

Source :  Business Times

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