Palm Futures Close Steady on Short-Covering

CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended

steadier yesterday despite lack of participation.

Traders were

mostly sidelined awaiting prices to turn easier but intermittent

short-covering activities helped maintain the steady momentum.

July

2010 closed RM10 higher at RM2,430, August 2010 rose RM14 to RM2,344,

September 2010 added RM11 to RM2,300 and October 2010 gained RM12 to

RM2,287 a tonne.

Volume rose to 17,049 lots compared with 14,577 lots on Thursday while

open interest fell to 72,569 from 74,093 contracts, previously.

On

the physical market, July South finished RM20 higher at RM2,430 a

tonne.

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