CPO futures close higher
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.-- Bernama