Strong Exports Boost CPO Futures

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher following strong exports from August 1-15. 

August 2013 gained RM31 to RM2,365 a tonne, September 2013 rose RM19 to RM2,318 a tonne, October 2013 increased RM28 to RM2,318 a tonne and November 2013 advanced RM22 to RM2,299 a tonne. 

Volume increased to 50,143 lots from 37,343 lots on Wednesday and open interest rose to 234,149 contracts from 217,366 contracts previously. 

On the physical market, August South rose RM20 to RM2,360 a tonne.

Source : Business Times 

You can share this posts:

Leave a Reply