CPO Futures Up in Cautious Trade

KUALA LUMPUR: Crude palm oil futures ended higher in cautious trading yesterday, in tandem with a better showing on the Chicago Board of Trade.

The market was keenly awaiting the release of end-September’s palm oil stocks and production data by the Malaysian Palm Oil Board on Thursday.

Spot month October 2013 gained RM11 to RM2,350, November 2013 rose RM7 to RM2,322, December 2013 increased RM13 to RM2,318 and January 2014 gained RM9 to RM2,318. 

Volume increased to 26,984 lots from 21,303 lots on Friday while open interest rose to 181,330 contracts versus Friday’s 176,538 contracts. 

On the physical market, October South added RM10 to RM2,350 a tonne. 

Source : Business Times 

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