CPO Futures Up on Stock Concerns

KUALA LUMPUR: The crude palm oil futures contract on Bursa Malaysia Derivatives closed higher on expectation of lower inventories for March.

Spot month April increased RM23 to RM2,370 a tonne, May added RM38 to RM2,392 a tonne, June gained RM44 to RM2,400 a tonne and July improved RM38 to RM2,406 a tonne. 

Turnover increased to 26,880 lots from 23,666 lots recorded last Friday while open interest rose to 174,408 contracts from 171,069 contracts registered previously.

On the physical market, April South advanced RM40 to RM2,380 a tonne.

Source : Business Times 

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