Palm Futures End Slightly Higher

CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed slightly higher yesterday, tracking the uptrend in soyaoil prices on the Chicago Board of Trade, dealers said.

February rose RM2 to RM3,750 a tonne, March increased RM5 to RM3,725, April improved RM15 to RM3,685 and May gained RM26 to RM3,635.

Turnover improved to 25,648 lots, from 21,679 lots on Wednesday, while open interest increased to 89,880 contracts from 87,641 previously. 

On the physical market, February South remained unchanged at RM3,750 a tonne. 

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