CPO Futures Up on Strong Buying Interest

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday, spurred by strong buying interest.

February 2014 rose by RM45 higher to RM2,560 a tonne, March 2014 increased RM43 to RM2,568, April 2014 surged RM39 to RM2,579 and May 2014 advanced RM37 to RM2,582, June 2014 edged up RM35 to RM2,581 and July 2014 added RM33 to RM2,573. 

Turnover advanced to 41,261 lots from 41,261 lots, while open interest increased to 201,480 contracts from 196,853 contracts. 

On the physical market, February South increased RM10 at RM2,570 a tonne.

Source : Business Times

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