CPO Closed Marginally Higher

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed marginally higher as traders booked profits amid recent gains.

MIDF Equity Beat maintained “positive” call on the plantation sector with CPO price assumptions of RM2,650 a tonne and RM2,850 a tonne for financial years 2013 and 2014 respectively.

Spot month June 2013 decreased RM5 to RM2,415 a tonne, July 2013 increased RM2 to RM2,450 a tonne, August 2013 gained RM3 to RM2,456 a tonne and September 2013 improved RM5 to RM2,456 a tonne.

Turnover improved to 32,041 lots from 20,310 lots on Monday. Bernama

Source : Business Times 

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