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CPO futures close on mixed note
by Cals Sat 17 Aug 2013, 03:47
CPO futures close on mixed note
Business & Markets 2013
Written by Bernama
Friday, 16 August 2013 19:48
KUALA LUMPUR (Aug 16): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mixed, due to gains in soy oil on the Chicago Board of Trade, firm crude oil prices and rising exports.
Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said as per data released by cargo surveyor Intertek on Thursday, Malaysia exported 644,589 tonnes of palm oil during Aug 1-15, against 547,857 tonnes in the same period a month ago.
"Meanwhile, another cargo surveyor Societe Generale de Surveillance pegged Malaysia's Aug 1-15 palm oil exports at 636,466 tonnes, against 536,391 tonnes last month," Ng told Bernama.
He also said that Malaysia has kept CPO export tax for September unchanged at 4.5 per cent.
New month September 2013 rose RM18 to RM2,367 a tonne, October 2013 gained
RM6 to RM2,324, November 2013 eased RM10 to RM2,309, and December 2013 stood at RM2,303.
Volume advanced to 31,590 lots from 50,143 lots on Thursday, and open interest declined to 213,092 contracts from 234,149 contracts yesterday.
On the physical market, August South rose RM20 to RM2,380 a tonne.
Business & Markets 2013
Written by Bernama
Friday, 16 August 2013 19:48
KUALA LUMPUR (Aug 16): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mixed, due to gains in soy oil on the Chicago Board of Trade, firm crude oil prices and rising exports.
Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said as per data released by cargo surveyor Intertek on Thursday, Malaysia exported 644,589 tonnes of palm oil during Aug 1-15, against 547,857 tonnes in the same period a month ago.
"Meanwhile, another cargo surveyor Societe Generale de Surveillance pegged Malaysia's Aug 1-15 palm oil exports at 636,466 tonnes, against 536,391 tonnes last month," Ng told Bernama.
He also said that Malaysia has kept CPO export tax for September unchanged at 4.5 per cent.
New month September 2013 rose RM18 to RM2,367 a tonne, October 2013 gained
RM6 to RM2,324, November 2013 eased RM10 to RM2,309, and December 2013 stood at RM2,303.
Volume advanced to 31,590 lots from 50,143 lots on Thursday, and open interest declined to 213,092 contracts from 234,149 contracts yesterday.
On the physical market, August South rose RM20 to RM2,380 a tonne.
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