PRICES on the crude palm oil (CPO) futures market closed higher
yesterday, supported by demand from India for the commodity, dealers
said.
One of the dealers said that there was lower demand for the
commodity from China.
At close, the July 2010 contract month
rose RM2 to RM2,452 per tonne, August 2010 increased RM5 to RM2,409 per
tonne, September 2010 added RM7 to RM2,384 per tonne and October 2010
gained RM10 to RM2,375 per tonne.
Volume rose to 13,938 lots from 12,268 lots on Tuesday while open
interest declined to 76,705 contracts from 78,095 contracts previously.
On
the physical market, June
South
Source: Business Times
