Palm Futures Up on Higher Exports

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher yesterday on expectation of better-that-expected exports figures for March, a dealer said. 

April rose RM24 to RM2,460 a tonne, May added RM36 to RM2,485 a tonne, June was RM37 higher at RM2,493 a tonne and July gained RM38 to RM2,495 a tonne. 

Turnover surged to 48,750 lots from Thursday’s 39,194 lots while open interest rose to 213,168 contracts from 201,143 contracts previously.

On the physical market, March South was RM20 higher at RM2,460 a tonne.

Source : Business Times

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