CPO Futures Tracks Vegoils’ Rise

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended mostly higher yesterday, tracking other vegetable oil markets, dealers said.

A dealer said the market was choppy and there was late buying interest due to the weaker ringgit.

October 2012 rose RM10 to RM2,278 a tonne, November 2012 added RM1 to RM2,385, December 2012 gained RM19 to RM2,457 and January 2013 jumped RM21 to RM2,525 a tonne.

Volume jumped to 45,198 lots from 31,077 lots, while open interest rose to 178,865 from 161,170 contracts, previously.

On the physical market, October South gained RM10 to RM2,280 a tonne.

Source : Business Times

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