CPO Futures Rebound

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded yesterday after palm oil prices plummeted to a two-month low yesterday triggered by a rally in the ringgit.

April 2014 ended RM31 higher at RM2,650 a tonne, May 2014 finished RM38 better at RM2,631 a tonne, June 2014 improved RM37 to RM2,613 a tonne and July 2014 added RM38 to RM2,601 a tonne.

Turnover, however, dipped to 33,914 lots from 41,278 lots recorded previously while open interest dwindled to 222,285 contracts from 229,446 contracts on Tuesday.

On the physical market, April South appreciated RM10 to RM2,690 a tonne. Bernama

Source : New Straits Times 

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