CPO Futures End Firmer on Short Covering

CRUDE palm oil futures on Bursa Malaysia Derivatives ended mostly

firmer yesterday aided by short covering activities ahead of the

weekend, said dealers.

They said the market was supported by firm

soyaoil and crude oil prices which hovered above US$86 a barrel.

However, they said lower export figures capped gains.

May

2010 rose RM26 to RM2,577 a tonne, June 2010 fell RM4 to RM2,541, July

2010 gained RM27 to RM2,558 and August 2010 added RM24 to RM2,549 a

tonne.

Volume dropped to 8,315 lots from 13,894 lots on Thursday and open

interest eased to 63,191 contracts from 63,961 contracts last week.

On

the physical market, May South rose RM20 to RM2,580 a tonne.

Source : Business Times

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