PRICES on the crude palm oil futures contract market ended higher on
Bursa Malaysia Derivatives yesterday on reports of bullish demand of
soyoil from China, dealers said.
The June 2010 and July 2010
contracts gained RM25 each to settle at RM2,549 per tonne and RM2,455
per tonne respectively.
August 2010 and September 2010 rose RM24
each to be at RM2,410 per tonne and RM2,384 per tonne respectively.
Turnover was lower at 11,103 lots compared to 19,312 lots last Friday
while open interest rose to 78,541 contracts from 77,512 contracts.
On
the physical market, June South declined to RM2,530 per tonne from
RM2,540 per tonne last Friday.
Source : Business Times
