KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives rebounded yesterday amid concerns over the eurozone economic uncertainty, dealers said.
A dealer said the better performance on the local market was also due to lower stocks.
Spot month August rose RM33 to RM2,931 and September added RM28 to RM2,940 a tonne.
October and November each improved RM25 to RM2,951 and RM2,960 a tonne, respectively.
Turnover rose to 45,813 lots, from 38,763 lots yesterday, while open interest was higher at 118,018 contracts, from 113,579 contracts, recorded on Tuesday.
On the physical market, August South increased RM10 to RM2,940 a tonne.
Source : Business Times
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