CPO Futures End Firmer as Traders Cautious

KUALA LUMPUR: The crude palm oil futures ended firmer for the second consecutive day yesterday, bolstered by expectations that demand for the edible oil will rise to meet consumers’ requirement during Ramadan, dealers said.

The market, however, traded cautiously due to lingering concerns over the gloomy economic outlook, they said.

June 2012 added RM36 to RM2,989 a tonne, July 2012 soared RM43 to RM3,003, August 2012 rose RM37 to finish also at RM3,003 and September 2012 perked RM37 to RM2,998 .

Volume fell to 25,208 lots from 33,420 lots while open interest slipped to 97,632 contracts from 101,035 previously.

On the physical market, June South rose RM10 to settle at RM3,000 a tonne.

Source: Business Times

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