Palm Futures Lift by Export Data

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher yesterday on strong August exports, dealers said.

Spot month September 2012 rose RM36 to RM2,961 a tonne, October 2012 was RM58 higher at RM3,027, November 2012 went up RM54 to RM3,073, and December 2012 added RM58 to RM3,100.

Volume decreased to 31,968 lots from 42,592 lots last Thursday while open interest declined to 156,855 contracts from 169,237 contracts previously.

On the physical market, September South rose RM40 to RM2,950 a tonne.

Source : Business Times

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