CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday amid expectations that the current rainy season will bring down production, dealers said.
December 2011 rose by RM50 to close at RM3,090 a tonne while January 2012 gained RM55 to RM3,121, February 2012 rose RM60 to RM3,122 and March 2012 went up RM66 to RM3,126.
Turnover added to 29,689 lots from 16,764 lots on Friday while open interest fell to 123,818 from 124,536 contracts.
On the physical market, December South gained RM60 to RM3,130 from last Friday.
Source: Business Times
