CPO Futures Higher In Line With Soyaoil Gains

CRUDE palm oil futures on the Malaysia Derivatives Exchange closed

higheryesterday in line with higher soya oil prices, dealers said.

“There

were fresh buying in the CPO futures which would help the prices to end

the week in positive territory,” a dealer said.

May 2010

contract rose RM46 to RM2,561 a tonne, June 2010 increased RM51 to

RM2,552, July 2010 advanced RM50 to RM2,540 a tonne and August 2010

added RM47 to RM2,535 .


Volume rose to 15,169 lots from 11,918 lots on Thursday and open

interest increased to 67,455 contracts from 66,281 contracts previously.



On the physical market, May South rose to RM2,560 a tonne

from RM2,520 on Thursday.

Source : Business Times

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