CPO Futures Rise on Short-Covering

CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended

higher on short-covering activities ahead of the weekend, dealers said

yesterday.

February rose RM15 to RM3,765 per tonne, March

increased RM18 to RM3,743, April improved RM15 to RM3,700 and May gained

RM16 to RM3,651.

Turnover decreased to 16,934 lots from 25,648

lots on Thursday while open interest increased to 92,488 contracts from

89,880 contracts previously.

On the physical market, February South increased by RM10 to RM3,760 per tonne compared with RM3,750 per tonne on Thursday.

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