CPO Futures Continue to Record Gains

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives

continued to record gains yesterday on buying support from the Dalian

market, a dealer said.

July 2011 increased RM12 to RM3,080 a

tonne from RM3,068, August 2011 gained RM18 to RM3,085 from RM3,06 and

September 2011 rose RM22 to RM3,077 from RM3,055.

Turnover

increased to 23,170 lots from 18,707 lots on Thursday. Open interest

recorded a new all-time high of 132,406 contracts from 130,833 contracts

on Thursday.

On the physical market, July South increased RM20 to RM3,090 per tonne from RM3,070 per tonne on Thursday.

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