Palm Futures Rebound at Close

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives reversed Thursday’s losses to close higher yesterday, lifted by a weakening of the ringgit, said Phillip Futures Sdn Bhd Derivative Product Specialist David Ng.

Spot month August 2014 added RM5 to RM2,386 per tonne. Both September 2014 and October 2014 rose RM16 each to RM2,332 per tonne and RM2,309 per tonne, respectively, while November 2014 increased RM15 to RM2,308 per tonne.

Volume declined to 36,228 lots from 47,097 lots on Thursday, while open interest fell to 255,136 contracts from 260,098 contracts.

On the physical market,  August South was unchanged at RM2,410 per tonne. Bernama


Source : New Straits Times

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