CPO Futures Rebound on Renewed Buying Interest

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives staged

a rebound yesterday as renewed buying interest supported prices with

external factors leading the market, dealers said.

“Palm oil

futures have been fundamentally supported by the US soya oil market

where production has been uncertain this year with growing concerns of

supply shortage in the near future,” a dealer said.

At close,

June 2011 gained RM25 to RM3,460 per tonne, July 2011 increased RM30 to

RM3,430, August 2011 climbed RM43 to RM3,403 per tonne and September

2011 rose RM50 to RM3,392 per tonne.

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