Crude Palm Oil (CPO) Futures Market
The benchmark January crude palm oil futures contract closed on Bursa Malaysia Derivatives (BMD) at RM2,260 a metric ton, up MYR70 or 3.2%, after trading in the range of MYR2,207- MYR2,273/ton.
CPO prices rose sharply after crude oil prices broke the $80 a barrel resistance to close at $80.32 a barrel.
Cash palm olein for January/February/March was traded at $687.50/ton. Cash CPO for prompt shipment was offered MYR80 higher at MYR2,240/ton.
Closing BMD Crude Palm Oil (CPO) futures prices in MYR/ton at 1000 GMT:
Month Close Previous Change High Low
Nov 09 2,200 2,110 Up 90 2,215 2,150
Dec 09 2,232 2,167 Up 65 2,243 2,175
Jan 10 2,260 2,190 Up 70 2,273 2,207
Feb 10 2,280 2,210 Up 70 2,295 2,232
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