CPO Futures Rebound at Close

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rebounded yesterday taking the cue from the firmer soyabean oil prices on the Chicago Board of Trade.

February 2014 rose RM19 to RM2,540 a tonne; March 2014, May 2014 and June 2014 increased by RM15 to RM2,542, RM2,543 and RM2,539 a tonne, respectively; April 2014 surged RM17 to RM2,546 a tonne; and July 2014 edged up RM13 to RM2,532 a tonne.

Turnover declined to 21,861 lots from Tuesday’s 24,585 lots, while open interest decreased to 205,742 contracts from 210,870 contracts previously. 

On the physical market, February South increased RM20 to RM2,560 a tonne.

Source : Business Times

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