Wednesday, August 4, 2010

CPO futures at highest since March

KUALA LUMPUR: Crude palm oil futures rose had on Wednesday, Aug 4 to the highest in more than four month, tracking the gains of soybeans on worries about the impact of the hot weather on harvest.

At 3.20pm, the CPO for third month delivery rose RM26 to RM2,581, the highest since March 23.

IOI Corp was unchanged at RM5.11 while KL Kepong was flat at RM16.88 due to the weaker broader market.

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