Palm Futures End Near 5-month High

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended at a near five-month high yesterday on strong buying interest from China and tight supply, dealers said.

December 2011 contract rose RM76 to RM3,254 per tonne, January 2011 gained RM70 to RM3,246, February 2011 rose RM64 to RM3,241 and March 2012 lifted RM62 to RM3,240 per tonne.

Turnover was higher at 45,495 lots from 45,423 lots Tuesday while open interest was lower at 136,174 contracts from 136,716 contracts.

On the physical market, November south rose RM60 to RM3,260.

Source: Business TImes

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