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NewsCPO futures closes higher
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CPO futures closes higher
by Cals Thu 10 Apr 2014, 01:25
| CPO futures closes higher |
| Business & Markets 2014 |
| Written by Bernama |
| Wednesday, 09 April 2014 19:25 |
KUALA LUMPUR (April 09): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives, rebounded today, after palm oil prices plummeted to a two-month low yesterday, triggered by a rally in the ringgit.
The dealer said that traders were seen squaring off their positions, ahead of the release of key data by the Malaysian Palm Oil Board tomorrow.
April 2014 ended RM31 higher at RM2,650 a tonne, May 2014 finished RM38 better at RM2,631 a tonne, June 2014 improved RM37 to RM2,613 per tonne, and July 2014 added RM38 to RM2,601 per tonne.
Turnover, however, dipped to 33,914 lots, from 41,278 lots recorded yesterday, while open interest dwindled to 222,285 contracts, from 229,446
contracts on Tuesday.
On the physical market, April South appreciated RM10 to RM2,690 a tonne.
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