CPO Futures End Higher in Heavy Trade

CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday in a technical correction supported by strengthened external factors, a dealer said.

“Trading was pretty heavy today with the highest prices touching as high as RM3,173 per tonne,” she added.

February 2012 rose RM34 to RM3,195 a tonne and March 2012 increased RM39 to RM3,175. April 2012 added RM38 to RM3,164 a tonne and May 2012 gained RM35 to RM3,160 a tonne.

Volume dwindled to 25,785 lots from 28,163 lots while open interest went up to 118,183 contracts from 116,764 contracts previously.

On the physical market, January South rose RM20 to RM3,190 a tonne.

Source: Business Times

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