CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives staged a
technical rebound yesterday.
The market which had fallen to
almost a three-week low yesterday, recovered on concern over supply
shortage, dealers said.
“Sentiment was generally positive amid
strong exports and low stock level,” said a dealer.
May 2010 and June 2010 contracts edged up RM3 each to settle at RM2,546
a tonne and RM2,521 respectively. July 2010 rose RM2 to RM2,507 and
August 2010 added RM6 to RM2,499.
The overall trading volume was
thin with 6,747 lots compared with 10,402 lots yesterday. Open interest
climbed to 67,208 contracts from 66,506 previously.
On the
physical market, May South rose to RM2,560 a tonne from RM2,540 on
Tuesday.
Source : Business Times
