CPO Futures End Firmer

CRUDE

palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed on a

firm note yesterday with the prices touching 33-month high, dealers

said.

They attributed the bullish market to shrinking supplies as

production continued to fall due to disruption in harvests in Indonesia

and Malaysia.

On the futures market, January 2011 rose RM22 to

end at RM3,907 a tonne, February 2011 added RM40 to RM3,913, March 2011

rose RM36 to RM3,888 and April 2010 was RM29 higher at RM3,863.

Turnover fell to 3,797 lots from 14,768 on Monday while open interest fell to 87,668 contracts from 88,544 previously.

On the physical market, January South rose to RM3,900 from RM3,860 previously.

Source : Business Times

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