CPO Futures Buoyed by Fresh Buying Interest

CRUDE palm oil futures on the Malaysia Derivatives Exchange closed

higher yesterday backed by fresh buying, dealers said.

They said

the higher overnight soyaoil prices on the Chicago Board of Trade

boosted buying sentiment in the CPO futures market.

At the close,

the May 2010 and July 2010 contracts rose RM19 each to settle at

RM2,515 a tonne and RM2,490 respectively.

June 2010 and August 2010 increased RM18 each to RM2,501 and RM2,488

respectively.

Volume increased to 11,918 contracts from 11,659

contracts on Wednesday while open interests fell to 66,281 contracts

from 67,525 contracts previously.

In the physical market, May

South increased to RM2,520 a tonne from RM2,500.

Source : Business Times

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