CPO Futures Rise on Exports Data

CRUDE

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

higher yesterday following stronger export data for the first 20 days of

this month, dealers said.

Malaysia’s palm oil export figures

released by cargo surveyor Societe Generale de Surveillance for October 1

to 20 rose 5.4 per cent to 929,473 tonnes from 881,812 tonnes shipped

from September 1 to 20.

At close, the November 2010 increased

RM70 to RM2,990 a tonne, December 2010 was up RM76 to RM2,990, January

2011 added RM65 to RM2,984 and February 2011 was up RM60 to RM2,978.

On the physical market, October South gained RM60 to RM2,990 a tonne.

Source : Business Times

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