Palm futures higher on continuous buying

CRUDE palm oil futures on Bursa Malaysia Derivatives closed higher yesterday, supported by continuous buying, dealers said.

August 2011 and November 2011 rose RM13 each to RM3,130 and RM3,132 a tonne respectively while September 2011 jumped RM14 to RM3,133 and October 2011 added RM11 to RM3,130.

Turnover rose to 18,512 lots from 12,932 lots on Tuesday while open interest declined to 132,527 contracts from 133,648 contracts previously.

On the physical market, August South rose by RM10 to RM3,160 a tonne.

Source: Business Times

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