CPO Futures Rise on Bullish Demand

CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended higher yesterday on increased buying interest, dealers said. They also

said the market was bullish driven by demand.

At close, March

2011 went down RM75 to RM3,300 a tonne. However, April 2011 rose RM65 to

RM3,428, May 2011 went up RM50 to RM3,385 and June 2011 improved RM64

to RM3,379.

Turnover rose to 41,357 lots from 35,191 lots on

Monday while open interests increased to 98,416 contracts from 96,423

contracts previously.
On the physical market, March South climbed RM30 to RM3,430 from RM3,400 on Monday.

Leave a Reply