CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed
sharply higher yesterday on the back of strong buying, dealers said.
“Demand recovered as concerns over the impact of the nuclear crisis in Japan became less,” a dealer said.
April 2011 went up RM109 to RM3,499 a tonne, May 2011 surged RM114 to
RM3,473, June 2011 climbed RM108 to RM3,446 and July 2011 rose RM104
to RM3,428.
Turnover dropped to 16,893 lots from 20,950 lots on
Thursday while open interest slid to 92,960 contracts from 95,211
previously.
On the physical market, April South rose RM100 to RM3,520 from RM3,420 yesterday. – Bernama
