Palm Futures Up on MPOB Data

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher following the release of output data by the Malaysian Palm Oil Board (MPOB).

August gained RM54 to RM2,334 a tonne, September rose RM54 to RM2,330, October gained RM44 to RM2,290 and November added RM41 to RM2,277. 

Volume increased to 37,343 lots from 32,054 lots on Tuesday and open interest advanced to 217,366 contracts from 212,289 contracts previously. 

On the physical market, August South was unchanged at RM2,340 a tonne.

Source : Business Times 

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