Contracts End Higher

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher yesterday on expectation of lower inventory.

March 2014 rose RM80 to RM2,830 a tonne, April 2014 added RM78 to RM2,829 a tonne, May 2014 improved RM76 to RM2,810 a tonne, June 2014 increased RM67 to RM2,781 a tonne, while July 2014 and August 2014 improved RM62 to RM2,747 and RM2,729 a tonne respectively.

Turnover increased to 57,115 lots from 31,950 lots on Tuesday and open interest improved to 235,764 contracts from 211,728 contracts previously.

On the physical market, March South gained RM30 to RM2,830 a tonne. Bernama

Source : Business Times

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