Palm Futures Up on Higher Demand

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher yesterday spurred by increased demand prompted by the dry weather in the US, dealers said.

At close, spot month August 2012 rose RM55 to RM3,025 per tonne and September 2012 added RM58 to RM3,040 per tonne. October 2012 gained RM52 to RM3,045 per tonne and November 2012 increased RM57 to RM3,054 per tonne.

Volume depreciated to 31,771 lots from the 39,170 lots registered on Wednesday while open interest decreased to 107,105 contracts from 112,235 contracts previously.
 
On the physical market, July South depreciated RM5 to RM3,005 a tonne.

Source : Business Times

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