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CPO futures close higher on stronger overseas demand

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CPO futures close higher on stronger overseas demand Empty CPO futures close higher on stronger overseas demand

Post by Cals Sat 15 Jun 2013, 10:41

CPO futures close higher on stronger overseas demand
Business & Markets 2013
Written by Bernama   
Friday, 14 June 2013 21:18

KUALA LUMPUR, June 14 (Bernama) -- Crude palm oil (CPO) futures contracts on
Bursa Malaysia Derivatives closed higher today driven by stronger overseas
demand, a dealer said.
He said the market, which opened choppy amid mixed cues, improved as export
demand lifted prices at the end of session.
He said the market was also bullish on Malaysian palm oil export data for
Jun 1-15 from cargo surveyors Intertek and SGS due on Saturday and Monday,
respectively.
June 2013 jumped RM21 to RM2,410 per tonne, July 2013 gained RM17 to
RM2,435, August 2013 rose RM15 to RM2,439 and September 2013 garnered RM12 to
RM2,436.
Turnover increased to 29,277 lots from 22,235 lots on Thursday, while open
interest improved to 195,711 contracts from 191,460 contracts previously.
On the physical market, June South added RM10 to RM2,450 a tonne from
yesterday's RM2,440 a tonne. -- BERNAMA
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