JAKARTA (Yosefardi) – Crude palm oil (CPO) continued its rally in the futures market. The commodity’s benchmark August contracts inched up RM3 to RM2384 per ton, the highest in almost seven weeks.
September and October contracts also gained RM4 and RM5 respectively to RM2372 and RM2361 per ton.
Plantation shares, meanwhile, were mostly in green zone in the region. Golden Agri-Resources gained 1.77% in Singapore, while Salim Ivomas advanced 2.33% in Jakarta. Wilmar International also gained 0.6% in Singapore, while Bakrie Sumatra Plantations advanced 2.35% in Jakarta.
In Kuala Lumpur, KL Kepong advanced 0.84%, while Kulim gained 0.85%. Sime Darby and United Malacca, however, slipped 0.1% each.