CPO Futures Rise on Positive Report

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on the Bursa Malaysia Derivatives closed mostly higher yesterday on positive report by the Malaysian Palm Oil Board that CPO stocks fell 5.23 per cent to 2.44 million tonnes in February, dealers said.

March 2013 rose RM25 to RM2,440 a tonne, April 2013 gained RM10 to RM2,440, May 2013 was RM6 higher at RM2,450 and June 2013 was unchanged at RM2,451.

Turnover increased to 31,687 lots from 23,843 lots while open interest rose to 196,780 contracts from 187,911 contracts. 

On the physical market, March South stood at RM2,440 a tonne.

Source : Business Times 

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