Palm Futures Rise on Hope of Better Export Figures

CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed

higher yesterday as a rebound in crude oil prices improved sentiment and

on expectations of better export figures, dealers said.

July

2011 gained RM3 to close at RM3,083 a tonne, August 2011 rose RM20 to

RM3,070, September 2011 increased RM21 to RM3,063 and October 2011 was

up RM22 to RM3,062.

Turnover fell to 25,407 lots from 29,371

lots on Monday. Open interest increased to 117,143 contracts from

115,534 previously.

On the physical market, July South was flat at RM3,110 per tonne.

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