CPO Futures Move up Slightly in Quiet Trading

KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed slightly higher for the second consecutive day yesterday amid quiet trading, a dealer said.

The market was quiet as players stayed on the sidelines due to renewed worries over the eurozone debt crisis, a dealer said.

June 2012 added RM10 to RM3,110 a tonne, July 2012 and August 2012 rose RM12 each to RM3,114 and RM3,110, respectively, while September 2012 gained RM11 to RM3,105.
Volume fell to 27,849 lots from 42,462 lots, while open interest rose to 115,158 from 115,044 contracts previously.

On the physical market, May South inched up RM10 to RM3,130.

Source : Business Times

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