CPO Edged higher

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives edged higher yesterday supported by rising export demand amid lower global oilseeds supply, dealers said.

Spot month September advanced RM13 to RM3,030 a tonne, October and December rose RM10 each to RM3,051 a tonne and RM3,085 a tonne respectively, and November climbed RM8 to RM3,069 a tonne.

Volume declined to 26,872 lots verus 43,116 lots on Thursday while open interest rose to 280,011 contracts against 154,036 contracts previously.

On the physical market, September South closed RM10 lower at RM3,010 a tonne. Bernama

Source : Business Times

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