Palm Futures End Higher on Export Data

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday on positive export data.

August 2013 gained RM10 to RM2,293, September 2013 rose RM10 to RM2,266, October 2013 added RM21 to RM2,236 and November 2013 surged RM24 to RM2,229 a tonne. 

Volume declined to 30,323 lots from 57,149 lots and open interest decreased to 217,266 contracts from 249,942 contracts. 

On the physical market, August South was unchanged at RM2,300 a tonne.

Source : Business Times 

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