CRUDE palm oil (CPO) futures on the Malaysia Derivatives Exchange
closed higher yesterday backed by fresh buying from traders, dealers
said.
The futures market was also supported by
expectations of raising exports ahead of the festive season soon, a
dealer said.
At close, June 2010 rose RM2 to settle at RM2,535 a
tonne, July 2010 fell RM4 to RM2,505 , August 2010 rose RM8 to RM2,468
and September 2010 rose RM13 to RM2,445.
Volume went up to 15,499 lots from 9,917 lots recorded on Tuesday while
open interest was at 68,662 contracts, lower than the 68,982
previously.
On the physical market, June South was unchanged at
RM2,560 . – Bernama
Source : Business Times
