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CPO futures end at near one-month high

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CPO futures end at near one-month high Empty CPO futures end at near one-month high

Post by Cals Wed 25 Jun 2014, 00:02

CPO futures end at near one-month high
Business & Markets 2014
Written by Bernama   
Tuesday, 24 June 2014 20:10

KUALA LUMPUR (June 24): Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange ended at a near one-month high today, a dealer said.

He said the uptrend, however, was seen limited, as traders remained on the sidelines, ahead of key export data to be released tomorrow.

"Traders are awaiting the export figures to be announced by the Cargo Surveyors Intertek Testing Services (ITS) and Societe Generale de Surveillance(SGS)," he said.

Both ITS and SGS will be releasing their Malaysia's June 01-25 palm oil export data tomorrow.

At the close, July 2014 rose RM2 to RM2,491 per tonne, August 2014 up RM1 to RM2,490 per tonne, September 2014 added RM1 to RM2,482 per tonne, while October 2014 gained RM2 to RM2,482 per tonne.

Volume narrowed to 31,076 lots, from 35,221 lots on Monday, while open interest eased to 217,811 contracts, from 218,254 contracts previously.

On the physical market, July South added RM10 to RM2,520 per tonne.
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