CPO Futures Rise on Improved Sentiment

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on improved sentiment, dealers said.

They

said the trading volume was higher as buyers anticipated prices to go

up today following release of the report on major crop seedings by the

US Department of Agriculture.

At close, April 2011 gained RM49 to

RM3,360 per tonne, May 2011 improved RM59 to RM3,330 per tonne, June

2011 jumped RM60 to RM3,312 per tonne and July 2011 went up RM55 to

RM3,296 per tonne.

On the physical market, April South increased RM30 to RM3,380 per tonne.

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