CPO Futures End Firmer Bolstered by Overseas Buying

PRICES on the crude palm oil (CPO) futures market closed firmer

yesterday, bolstered by firm buying from overseas, particularly India

and China, dealers said.

The contract month July 2010 and October

2010 closed RM5 higher each to RM2,457 and RM2,380 per tonne

respectively, while August 2010 added RM4 to RM2,413 per tonne and

September 2010 gained RM6 to RM2,390 per tonne.

Turnover

declined to 12,431 lots from 13,938 lots on Wednesday, while open

interests eased to 75,560 contracts from 76,705 previously.

On the physical market, June South remained at Wednesday’s price of

RM2,480 per tonne.

Source : Business Times

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