CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday supported by gains in soyaoil and crude oil prices, dealers said.
May 2011 rose RM45 to RM3,405 a tonne, June 2011 and August 2011 increased RM51 each to RM3,386 a tonne and RM3,361 a tonne respectively, and July 2011 gained RM58 to RM3,370 a tonne.
Turnover declined to 19,959 lots from 20,020 lots on Thursday while open interests increased to 107,100 contracts from 105,758 contracts previously.
On the physical market, May South increased to RM3,410 a tonne from RM3,370 a tonne yesterday.
Source : Business Times