CPO futures on Bursa Malaysia Derivatives end higher on last trading day of 2022

Published 2022년 12월 31일

Tridge summary

Bursa Malaysia Derivatives (BMD) saw an increase in crude palm oil (CPO) futures contracts on the last trading day of the year, driven by gains in the CBOT's soybean oil market and expectations of reduced output. January 2023 CPO futures advanced by RM93 to RM4,171 per tonne. The total volume of trades rose to 56,749 lots from 31,639 lots on Thursday, while open interest declined to 200,198 contracts from 230,459 contracts on Thursday. The physical CPO price for January South stood at RM4,180 per tonne.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

KUALA LUMPUR (Dec 30): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) ended higher on the last trading day of this year, tracking gains in the Chicago Board of Trade’s (CBOT) soybean oil market. Palm oil trader David Ng said the higher CPO price was also due to the prospect of weaker output in the coming weeks. At the close, January 2023 advanced RM93 to RM4,171 per tonne, February 2023 gained RM79 to RM4,162 per tonne, March 2023 was RM84 higher at RM4,174 per tonne, April 2023 was RM76 better at RM4,159, May 2023 gained RM75 to RM4,140 per tonne and June 2023 edged up RM70 to RM4,109 per tonne. ...

Source: Theedgemarkets