Palm Futures Up Supported by Exports

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday supported by strong export data, dealers said.

New contract month, July 2013 gained RM24 to RM2,459, August 2013 rose RM32 to RM2,467, September 2013 garnered RM28 to RM2,462 and October 2013 added RM28 to RM2,457.

Turnover decreased to 20,015 lots, from 29,277 lots last Friday, while open interest declined to 187,191 contracts from 195,711 contracts previously. 

On the physical market, June South added RM20 to RM2,470 a tonne. 

Source : Business Times 

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