CPO Futures Up on Soya Oil Prices

KUALA LUMPUR: Crude palm oil futures prices on the Malaysia Derivatives Exchange closed higher yesterday tracking stronger soybean prices and on expectation of easing stocks in the country.

June 2013 declined RM13 to RM2,359 a tonne, July 2013 and August 2013 appreciated by RM11 each to RM2,404 and RM2,399, respectively, while September 2013 gained RM17 to RM2,393 a tonne. 

Volume soared to 35,262 lots from 18,233 lots previously, while open interest rose to 210,511 contracts from Tuesday’s 192,539 contracts. 

On the physical market, May South decreased RM10 to RM2,370 a tonne.

Source : Business Times

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