CPO Futures Continue to End Higher

CRUDE palm oil futures on Bursa Malaysia Derivatives ended higher yesterday, in line with the firmer soyabean prices on the Chicago Board

of Trade, dealers said.

A dealer said the trend persisted on

market talk that China may consider a cut in import tariffs, which would

increase demand for edible oils.

March 2011 fell RM15 to RM3,650

a tonne, April 2011 went up RM6 to RM3,630, May 2011 chalked up RM10 to

RM3,600 and June 2011 rose RM5 to RM,570.

Turnover fell to 25,517 lots from 35,869 lots on Wednesday while open

interests shed 104,004 contracts from 104,263 previously. On the

physical market, March South was flat at RM3,660.

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