CPO Futures Rebound, Spurred by Steadier Soyabean

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

rebounded to end higher yesterday, with sentiment spurred by firmer

soyabean prices, dealers said.

Both August 2010 and September

2010 rose RM26 each to settle at RM2,816 and RM2,731 a tonne,

respectively. October 2010 gained RM7 to RM2,677 and November 2010 rose

RM4 to RM2,656 a tonne .

Overall, volume declined to 12,394

lots compared with 18,007 lots on Tuesday, while open interest declined

to 63,685 contracts from 67,292 contracts previously.

Of the physical market, August South added RM10 to finish at RM2,800 a tonne.

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