CPO Futures Ends on Firm Note

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives ended on a firm note yesterday on bargain hunting, dealers said.

“Output in Malaysia and Indonesia is seen declining this month,” said Phillip Futures Sdn Bhd Derivative dealer David Ng. 

Spot month December 2013 gained RM20 to RM2,582, January 2014 firmed RM24 to RM2,581, February 2014 rose RM24 to RM2,580 and March 2014 increased RM21 to RM2,580 a tonne. 

Volume increased to 33,662 lots from 30,782 lots while open interest rose to 183,372 contracts from 182,462 contracts. 

On the physical market, December South gained RM30 to RM2,590 a tonne.

Source : Business Times 

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