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CPO prices close slightly higher
by Cals Fri 13 Sep 2013, 23:00
CPO prices close slightly higher
Business & Markets 2013
Written by Bernama
Friday, 13 September 2013 20:01
KUALA LUMPUR (Sept 13): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed slightly higher today, tracking the Chicago Board of Trade (CBOT) soyaoil prices.
Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said the prices of CPO futures swung between positive and negative territory, owing to higher overnight rise in CBOT soya prices.
Spot month September 2013 fell RM1 to RM2,360 per tonne, October 2012 added RM9 to RM2,360 per tonne, November 2013 gained RM4 to RM2,348 per tonne, and December 2013 increased RM6 to RM2,346 per tonne.
Volume increased to 30,848 lots from 21,920 lots, while open interest rose to 190,294 contracts versus Thursday's 181,941 contracts.
On the physical market, September South added RM15 to RM2,385 a tonne.
Business & Markets 2013
Written by Bernama
Friday, 13 September 2013 20:01
KUALA LUMPUR (Sept 13): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed slightly higher today, tracking the Chicago Board of Trade (CBOT) soyaoil prices.
Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said the prices of CPO futures swung between positive and negative territory, owing to higher overnight rise in CBOT soya prices.
Spot month September 2013 fell RM1 to RM2,360 per tonne, October 2012 added RM9 to RM2,360 per tonne, November 2013 gained RM4 to RM2,348 per tonne, and December 2013 increased RM6 to RM2,346 per tonne.
Volume increased to 30,848 lots from 21,920 lots, while open interest rose to 190,294 contracts versus Thursday's 181,941 contracts.
On the physical market, September South added RM15 to RM2,385 a tonne.
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