CPO Futures Closed Higher

KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed higher yesterday, prompted by the weaker ringgit, a dealer said.

Meanwhile, spot month December 2013 advanced by RM7 to RM2,620 a tonne while January 2014, February 2014 and March 2014 all increased by RM18 each to RM2,639, RM2,640 and RM2,639 a tonne, respectively.

Volume declined to 16,750 lots, from 36,571 lots on Tuesday, while open interest depreciated to 174,076 contracts, from 187,147 contracts, recorded previously. 

On the physical market, December South appreciated by RM10 to RM2,640 a tonne. Bernama

Source : Business Times

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