Palm Futures Up on Export Demand

KUALA LUMPUR: Crude palm oil (CPO) futures contract closed firmer yesterday lifted by export demand, coupled with encouraging leads from the Chicago Board of Trade, a dealer said.

“However, the stronger ringgit capped gains,” he said.

May 2014, June 2014 and July 2014 added RM12 each to RM2,717, RM2,688 and RM2,672 a tonne, respectively, while August 2014 rose by RM13 to RM2,663 a tonne.

Turnover increased to 27,001 lots from 21,187 lots on Friday while open interest improved to 210,285 contracts versus 204,787 contracts recorded previously.

On the physical market, May South added RM10 to RM2,730 a tonne. Bernama

Source : New Straits Times 

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