CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued
its rally to close higher yesterday, on concerns of weaker production
due to heavy rains, dealers said.
November 2010 and December 2010
rose by RM8 each to close at RM3,392 and RM3,404 respectively and
February 2011 added RM4 to RM3,395.
Total volume increased to
33,441 lots from 29,471 lots on Wednesday while open interest rose to
73,537 contracts from 72,844 previously.
On the physical market, November South rose RM10 to RM3,410 from Wednesday’s RM3,400 tonne closing price.
Source : Business Times
