Palm Futures End Slightly Firmer

CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed slightly higher yesterday on buying interest, dealers said.

A dealer said the market saw major buying support from the Dalian market.

The

July 2011 contract gained RM5 to RM3,075 a tonne, August 2011 increased

RM9 to RM3,061 and September 2011 rose RM14 to RM3,050 while October

2011 increased RM13 to RM3,047 a tonne.

Turnover fell to 20,390 lots from the 26,914 lots on last Friday and

open interest rose to 119,833 lots from the 117,814 lots recorded

previously.

On the physical market, July South rose to RM3,100 from RM3,080 last Friday.

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