Palm Futures Advance In Line With Soyaoil, Crude

CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher

yesterday in line with the firmer soyaoil and crude oil prices, dealers

said.

The May 2010 contract rose RM14 to RM2,575 a tonne and

June 2010 advanced RM16 to RM2,568 a tonne.

Meanwhile, July 2010

advanced RM20 to RM2,560 a tonne and August 2010 added RM20 to RM2,555 a

tonne.

Volume dropped to 13,447 lots from 15,169 lots last Friday while open

interest increased to 68,733 contracts from 67,455 contracts.

On

the physical market, May South gained to RM2,580 a tonne from RM2,560 a

tonne.

Source : Business Times

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