Palm Futures Post Modest Gains

CRUDE palm oil futures prices on Bursa Malaysia Derivatives posted modest gains at close yesterday amid lack of interest, dealers said.

June

2011 and July 2011 rose RM2 each to settle at RM3,517 and RM3,463

respectively, while August 2011 and September 2011 were flat at RM3,416

and RM3,397.

Trading volume was lower at 16,378 lots compared

with 21,869 lots on Wednesday while open interest reached 107,342

contracts from 105,357 previously.

On the physical market, June South was RM10 higher at RM3,480 from the RM3,470 recorded previously.

Source : Business Times

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