CPO Futures Up on Buying Interest

CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on the back of buying interest from buyers and sellers, dealers said.

November and December 2011 rose RM29 each to RM3,052 and RM3,050 a tonne, respectively. January 2012 gained RM32 to RM3,045 a tonne while February 2012 added RM26 to close at RM3,046 a tonne.

Trading volume increased to 25,610 lots from last week’s 18,255 while open interest stood at 131,177 contracts from 109,194 contracts on Friday.

On the physical market, November South jumped to RM3,060 a tonne against RM3,030 on Friday.

Source: Business Times

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