Palm Futures Prices Close Higher

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher amid expectation of lower global inventories as a result of higher biodiesel domestic consumption in Indonesia. 

March 2014 rose RM22 to RM2,683 a tonne and May 2014 added RM19 to RM2,682 a tonne.

April 2014 and June 2014 improved RM20 to RM2,685 a tonne and RM2,673 a tonne, respectively.

Turnover fell to 32,658 lots from 40,588 lots last Friday and open interest declined to 217,238 contracts from 220,979 contracts previously. 

On the physical market, February South gained RM80 to RM2,700 a tonne.


Source : Business Times

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