CPO Futures Up on Buoyant Outlook

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday following encouraging output and stock data released by the Malaysian Palm Oil Board (MPOB).

November 2013 rose RM23 to RM2,532, December 2013 added RM23 to RM2,530, January 2014 firmed RM20 to RM2,528, and February 2014 rose RM21 to RM2,531 a tonne.

Volume rose to 36,198 lots from 28,904 lots on Friday while open interest increased to 182,784 contracts against 178,628 contracts recorded previously.

On the physical market, November South appreciated by RM20 to close at RM2,540 a tonne.

Source : Business Times 

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