Palm Futures Up on Bargain Buying

KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed higher yesterday due to bargain buying amid a rebound in soya oil prices on Chicago Board of Trade. 

August 2013 gained RM30 to RM2,283 a tonne, September 2013 rose RM45 to RM2,256, October 2013 added RM48 to RM2,215 and November 2013 garnered RM46 to RM2,205. 

Volume advanced to 57,149 lots from 44,346 lots and open interest increased to 249,942 contracts from 238,102 contracts on Monday.

Meanwhile, on the physical market, August South rose RM30 to RM2,300 a tonne.

Source : Business Times 

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