Palm Futures Rise on Bullish Leads

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday driven by favourable weather and strong demand, dealers

said.

April and May rose RM21 each to close at RM3,455 and

RM3,430 a tonne, respectively, while June and July gained RM18 each

to RM3,417 and RM3,408 respectively.

Turnover declined to

27,224 lots from 32,390 lots last Friday while open interest rose to

101,964 contracts from 98,009 contracts previously.

On the physical market, April South was RM20 higher at RM3,470 a tonne.

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