Palm Futures Close Higher

KUALA LUMPUR: Crude Palm Oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly higher on yesterday after falling to a near four-month low on weak exports, dealers said.

However, investors remained cautious and are keeping their eyes open on the next export data for April 1 to 20 to measure the stock level, another dealer said.

Spot month May and spot month June both increased by RM4 to RM2,284 a tonne and RM2,297 a tonne respectively, while spot month July was unchanged from Monday’s RM2,301 a tonne.

There is currently no trading for spot month August.

Turnover increased to 40,241 lots from the 37,179 lots registered on Monday, and open interest improved to 189,179 contracts from 184,192 contracts previously.

On the physical market, April South remained unchanged from Monday’s RM2,320 a tonne.

Source : Business Times 

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