Palm Futures Up on Buying Interest

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed the week’s trading mostly higher, dealers said.

A dealer said the price range of between RM2,700 and RM2,800 a tonne attracted more physical buyers. 

Spot month September 2012 shed RM79 to RM2,715 a tonne, October 2012 rose RM18 to RM2,873, November 2012 was RM24 higher at RM2,936 and December 2012 added RM31 to RM2,986.

Volume appreciated to 33,029 lots from 32,384 lots on Thursday while open interest edged up to 151,462 contracts from 147,476 contracts previously.


On the physical market, September South was up by RM50 to RM2,800 a tonne.


Source : interest Business Times

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