CPO Futures Higher on Growing Global Demand

CRUDE

palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed

higher yesterday on back of rising global demand, dealers said.

At

the close, the October 2010 contract was up RM20 at RM2,765 a tonne,

November 2010 rose RM71 to RM2,800 , December 2010 was up RM56 to

RM2,786 a tonne and January 2011 added RM44 to RM2,780a tonne .

Volume

rose to 19,308 lots from 11,657 lots on Wednesday while open interest

eased to 70,173 contracts from 71,393 contracts on Wednesday.

On the physical market, October South gained RM50 to RM2,800.

Source : Business Times

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