KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday boosted by the improved crude oil market.
A dealer said the market was also helped by some bargain buying.
“However, traders remain cautious as the lacklustre demand will continue to plague the market,” he said.
November 2014 rose RM30 to RM2,165 a tonne, December 2014 gained RM26 to RM2,147 a tonne, January 2015 increased RM23 to RM2,142 a tonne while February 2015 was RM23 higher at RM2,148 a tonne.
Volume decreased to 39,881 lots against 50,959 lots on Thursday while open interest fell to 296,253 contracts from 309,076 contracts previously.
On the physical market, October South was RM20 higher at RM2,170 a tonne. Bernama