CPO Futures Prices Rebound

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

higher yesterday after a broad-based commodities sell-off last week,

dealers said.

May 2011 climbed RM100 to RM3,475 a tonne, June

2011 gained RM59 to RM3,334, July 2011 added RM43 to RM3,238 and August

2011 inched up RM33 to RM3,220.

However, turnover declined to

25,184 lots from the 32,482 lots last Friday while open interest rose to

111,691 contracts from 110,527 contracts previously.

On the physical market, May South gained RM30 to RM3,380 a tonne.

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