CPO Futures Up on Strong Demand

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on strong demand for the commodity, dealers said. 

When trading ended, spot month February was RM42 higher at RM2,412 a tonne, March was RM44 better at RM2,444, April added RM45 to RM2,465 a tonne and May rose RM47 to RM2,487 a tonne. 

Turnover increased to 35,955 lots from Monday’s 25,074 lots, while open interest improved to 207,748 contracts from the 197,364 contracts recorded previously.

On the physical market, February South rose RM50 to RM2,330 a tonne.

Source : Business Times

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