CPO Futures Up After 4-month Low

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday after falling to a four-month low on Wednesday as traders took positions in the market, dealers said.

Nevertheless, a dealer said that traders were still sceptical about the market and uncertain global economy.

Spot month May 2013 increased RM39 to RM2,293 a tonne, June 2013 gained RM33 to RM2,304 a tonne, July 2013 added RM32 to RM2,307 a tonne and August 2013 rose RM29 to RM2,309 a tonne.

Turnover declined to 38,072 lots from 38,934 lots registered on Wednesday, and open interest dropped to 190,799 contracts from 191,879 contracts before.

On the physical market, April South added RM30 to RM2,320 a tonne.

Source : Business Times

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