CPO Futures Up on Fresh Interest

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

closed higher yesterday with renewed buying interest from investors on

bargain-hunting.

At the close, May 2011 gained RM10 to RM3,410

per tonne, June 2011 climbed RM55 to RM3,365, July 2011 rose RM48 to

RM3,274 and August 2011 increased RM44 to RM3,249 per tonne.

Turnover rose to 29,674 lots from 25,252 lots on Thursday, while open

interest declined to 112,707 from 112,976 contracts previously.

Meanwhile, May South added RM30 to RM3,380 per tonne.

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