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CPO futures close higher

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CPO futures close higher Empty CPO futures close higher

Post by Cals Thu 24 Oct 2013, 00:48

CPO futures close higher
Business & Markets 2013
Written by Bernama   
Wednesday, 23 October 2013 19:17
KUALA LUMPUR (Oct 23): Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher today, even as profit taking activities were noted in the morning session.

Philip Futures Sdn Bhd Derivative Product Specialist David Ng told Bernama, that prices regained strength in the later session.

Meanwhile, spot month November 2013 gained RM31 to RM2,488, December 2013 firmed RM24 to RM2,481, January 2014 rose RM27 to RM2,482, and February 2014 increased RM29 to RM2,482 a tonne.

Volume decreased to 32,615 lots from 37,964 lots on Tuesday, while open interest eased to 184,980 contracts from 193,287 contracts previously. 

On the physical market, November South was up RM30, to RM2,480 a tonne.
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