CPO Futures Rebound After Two Days of Losses

CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher

yesterday prompted by bargain hunting after two days of consecutive

losses, a dealer said.

March 2011 rose RM59 to RM3,565 a tonne,

April 2011 increased RM62 to RM3,542 while May 2011 and June 2011 added

RM60 each to RM3,515 and RM3,495 a tonne, respectively.

Turnover

fell to 29,810 lots from 48,704 lots on Thursday while open interest

declined to 107,659 contracts from 108,551 previously.

On the physical market, March South rose RM100 to RM3,630 a tonne.

Leave a Reply