Palm Futures Up in Active Trading

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday in active trading.

Cargo surveyor Intertek Testing Services and Societe Generale de Surveillance are due to release export estimate figures for the first 20 days of June.

July 2013 gained RM1 to RM2,466 a tonne, August 2013 rose RM8 to RM2,481 a tonne, September 2013 added RM4 to RM2,472 a tonne and October 2013 increased RM2 to RM2,464 a tonne.

Turnover decreased to 24,452 lots from 29,955 on Tuesday, while open interest declined to 192,723 contracts from 198,813 on Tuesday.

On the physical market, July South increased RM10 to RM2,480 a tonne.

Source : Business Times 

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