CPO Futures Up on Some Activity Buying

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday, tracking gains on the Chicago Board of Trade, a

dealer said.

She said some buying activities were seen but the

market was still quite weak due to recent reports of higher productivity

and crude palm oil stocks.

“The volume showed that there were no fresh buyers in the market,” she added.

July 2011 and August 2011 contracts increased RM29 each to RM3,068 a

tonne and RM3,067 a tonne respectively while September 2011 and October

2011 contracts gained RM26 each to RM3,055 a tonne and RM3,054 a tonne

respectively.

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