CPO Futures Up on Tracks Soya Oil Gain

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday due to the strong performance of soyabean oil.

Meanwhile, spot month November 2013 gained RM22 to RM2,480, December 2013 firmed RM26 to RM2,471, January 2014 rose RM19 to RM2,463 and February 2014 increased RM13 to RM2,459 a tonne.

Volume improved to 36,495 lots from 30,546 lots last Friday, while open interest escalated to 191,064 contracts from 178,072 contracts previously. 

On the physical market, November South was up RM20 to RM2,470 a tonne.

Source : Business Times 

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