PRICES on the crude palm oil (CPO) futures market closed firmer
yesterday, bolstered by firm buying from overseas, particularly India
and China, dealers said.
The contract month July 2010 and October
2010 closed RM5 higher each to RM2,457 and RM2,380 per tonne
respectively, while August 2010 added RM4 to RM2,413 per tonne and
September 2010 gained RM6 to RM2,390 per tonne.
Turnover
declined to 12,431 lots from 13,938 lots on Wednesday, while open
interests eased to 75,560 contracts from 76,705 previously.
On the physical market, June South remained at Wednesday’s price of
RM2,480 per tonne.
Source : Business Times