Palm Futures End Marginally Higher

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

slightly higher yesterday in line with small gains in soya oil prices,

dealers said.

They said some players were reluctant to take heavy

position as they were awaiting the palm oil export data for September 1

to 25, scheduled to be released over the weekend.

At the

close, October 2010 stood unchanged at RM2,735 a tonne, November 2010

rose RM1 to RM2,680, December 2010 increased RM3 to RM2,673 a tonne and

January 2011 gained RM6 to RM2,680 a tonne.

Total volume increased to 14,279 lots from 11,961 lots on Tuesday while

open interests declined to 66,009 contracts from 66,630 contracts

previously.

On the physical market, October South stood unchanged at RM2,750 a tonne.

Source : Business Times

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