Palm Futures Lifted by Late Buying

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed higher yesterday due to last-minute strong buying interest before the closing bell, dealers said.

However, he said, buyers were still adopting a wait-and-see attitude due to concerns over supply and persistent worries over global economic growth.

May 2012 and June 2012 rose RM3 to RM3,368 and RM3,369 a tonne.
Volume fell to 23,092 lots from 31,440 lots last Friday while open interest dropped to 125,431 contracts from 128,166 contracts.

On the physical market, May South declined RM30 to RM3,370 a tonne.

Source : Business Times

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