CPO Futures End Mostly Higher

CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed mostly higher yesterday, dealers said.

They said the firmer prices were helped by lower vegetable oils output amid gloomy weather and higher crude oil price.

January

2011 gained RM10 to RM3,730 per tonne, February 2011 rose RM6 to

RM3,696, March 2011 increased RM7 to RM3,665 and January 2012 declined

RM20 to RM3,500 per tonne.

Turnover declined to 11,642 lots from 17,660 previously. Open interest

increased to 91,035 contracts from 90,289 on Thursday. On the physical

market, January South was RM35 higher at RM3,675 per tonne.

Source : Business Times

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