CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives staged
a rebound yesterday as renewed buying interest supported prices with
external factors leading the market, dealers said.
“Palm oil
futures have been fundamentally supported by the US soya oil market
where production has been uncertain this year with growing concerns of
supply shortage in the near future,” a dealer said.
At close,
June 2011 gained RM25 to RM3,460 per tonne, July 2011 increased RM30 to
RM3,430, August 2011 climbed RM43 to RM3,403 per tonne and September
2011 rose RM50 to RM3,392 per tonne.