CPO Futures Climb on Speculation

KUALA LUMPUR: Crude palm oil futures prices on Malaysia Derivatives Exchange closed higher on expectation of lower output and inventories.

June 2013, July 2013 and August 2013 each appreciated by RM7 to close at RM2,372 a tonne, RM2,393 a tonne and RM2,388 a tonne, respectively.

September 2013 gained RM8 to RM2,376. 

In the meantime, volume fell to 18,233 lots from 21,315 lots previously while open interest declined to 192,539 contracts from Monday’s 198,274 contracts.

In the physical market, May South increased by RM45 to RM2,380 a tonne.

Source : Business Times 

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