Palm Futures End Higher


palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed

higher yesterday, with expectations on local palm oil output to maintain

its current price level, dealers said.

At the close, the

October rose RM26 to RM2,715 a tonne, November increased RM50 to

RM2,702 a tonne, December was up RM39 to RM2,705 a tonne and January

2011 added RM28 to RM2,703 a tonne.

Volume dwindled to 12,851

lots from 15,104 lots on Monday while open interest rose to 69,299

contracts from 68,987 contracts previously. On the physical market,

October South gained RM20 to RM2,720 a tonne.

Source : Business Times

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