Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday amid concerns on the output of the commodity with the current hot weather, dealers said.
A dealer said the uptrend in price was further aided by the firmer crude oil and vegetable oils prices.
The dealer said the current dry spell could affect production of CPO in the long run and this in turn will further push up prices.
Meanwhile, May 2009 contract appreciated RM34 to settle at RM2,894 per tonne yesterday while June 2009 rose RM65 to RM2,860 per tonne, July 2009 advanced RM64 to RM2,789 per tonne and August 2009 gained RM65 to RM2,735 per tonne.
The day’s volume rose to 20,709 lots from Tuesday’s 13,619 lots while open interests declined to 77,175 contracts from 78,354 contracts previously.
On the physical market, May South increased to RM2,900 per tonne from RM2,870 per tonne Tuesday.
Tidak ada komentar:
Posting Komentar