KUALA LUMPUR: The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to close firmer on the back of short covering and bargain hunting after the recent sharp decline in prices, a dealer said.
Spot month August increased RM18 to RM2,277 per tonne, September rose RM21 to RM2,2660 per tonne, October perked RM22 to RM2,250 per tonne and November improved RM21 to RM2,245 per tonne.
Turnover expanded to 40,220 lots from 31,639 lots on Tuesday, while open interest advanced to 224,560 contracts from 214,060 contracts previously.
On the physical market, August South rose RM10 to RM2,310 a tonne.
Source : Business Times