CPO Futures Mostly Firmer, Spurred by Soyoil
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives
ended mostly higher yesterday amid positive sentiment spurred by a rally
in the US soyaoil market due to shortage of supply, dealers said.
market ended up in bullish trend due to soyaoil gains. The benchmark
three-month contract, October 2010 hit a 15-month high at RM2,718 per
tonne,” one of the dealers said.
At close, the contract month for
August 2010 was down RM14 to settle at RM2,795 per tonne while
September 2010 and November 2010 contracts increased RM50 each to
RM2,780 and RM2,690 per tonne, respectively. October 2010 advanced RM45
to RM2,718 per tonne.