Crude Palm Oil Futures Closed Higher

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on bargain buying activities after the recent dips in prices.

At the close, January 2014 was unchanged at RM2,460 per tonne, February 2014 gained RM35 to RM2,507 per tonne, March 2014 increased RM31 to RM2,524 per tonne, April 2014 rose RM31 to RM2,537 per tonne, May 2014 added RM31 to RM2,544 per tonne and June 2014 advanced RM34 to RM2,544 per tonne. 

Turnover rose to 48,956 lots from 31,004 lots on Monday while open interest increased to 209,075 contracts from 192,218 contracts.

The market was closed yesterday for the Maulidur Rasul celebrations. Bernama

Source : Business Times

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