CPO Futures up on Healthy Demand

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed higher yesterday on the back of healthy demand.

A dealer said CPO futures managed to escape from the sell-off on the broader commodities market due to renewed concern over the eurozone debt crisis.

June 2012, August 2012 and September 2012 added RM5 each to RM3,015 a tonne, RM3,019 and RM3,010 a tonne respectively while July 2012 appreciated by RM9 to RM3,019.
Volume rose to 55,312 lots from 27,849 lots on Tuesday, while open interest declined to 108,716 contracts from 115,158 contracts previously.

On the physical market, May South went down RM50 to RM3,080.

Source : Business Times

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