Palm Futures End Higher on Late Buying

KUALA LUMPUR: Crude palm oil futures closed higher yesterday, supported by buying activities from Indonesian traders, a dealer said.

“The market was choppy throughout the day, but was pushed up in the last 30 minutes by some Indonesian traders,” she said.

May 2012 contracts increased RM17 to RM3,515 per tonne, June 2010 gained RM23 to RM3,513, July 2012 added RM16 to RM3,503 and August 2012 surged rose RM20 to RM3,482.

Volume rose to 32,201 lots from 28,067 lots while open interest fell to 115,806 contracts from 118,643 contracts.

April South rose RM25 to RM3,500 from RM3,475 per tonne.

Source: Business Times

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