KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed mixed yesterday amid a cautious market because of a high stock position, a dealer said.
He said traders are waiting for fresh leads from reports from the US Department of Agriculture due this week.
He said the outlook remained bullish as export demand was growing and oil price was firmer.
Spot month September 2012 rose RM8 to RM2,832 a tonne, October 2012 added RM8 to RM2,893, November 2012 was RM18 lower at RM2,919 and December 2012 edged down RM15 to RM2,963.
Volume increased to 52,583 lots from 35,017 lots on Monday while open interest firmed to 162,238 contracts from 145,528 contracts previously.
Source : Business Times