Palm Futures Rise on Strong Buying Interest

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives

closed higher yesterday due to strong buying interest, dealers said.

June 2011, July 2011 and August 2011 increased RM21 each to close at

RM3,269, RM3,281 and RM3,260 a tonne respectively, while September

2011 gained RM22 to RM3,262.

Turnover declined to 24,692

lots from the 27,266 lots last Friday while open interest rose to

113,415 contracts from 112,559 contracts previously.

On the physical market, June South improved to RM3,300 a tonne from RM3,270 on Friday.

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