CPO Futures Uptrend Continues

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives continued the uptrend for the third consecutive day to close slightly higher yesterday, following positive export data.

August 2013 gained RM7 to RM2,300, September 2013 rose RM14 to RM2,280, October 2013 added RM23 to RM2,259 and November 2013 surged RM24 to RM2,253 a tonne. 

Volume dwindled to 29,189 lots and open interest fell to 213,246 contracts. 

On the physical market, August South was unchanged for the third consecutive day at RM2,300 a tonne.

Source : Business Times 

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