Palm Futures Rises Bolstered by Ringgit

CRUDE

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

higher on strong demand due to continuing bullish sentiment, dealers

said yesterday. They said prices were also bolstered by a stronger

ringgit against the greenback.

October 2010 fell RM9 to RM2,746 a

tonne. November 2010 rose RM6 to RM2,729, December 2010 went up RM3

to RM2,733 and January 2011 added RM5 to RM2,741.

Total

volume fell to 12,137 lots from 23,570 lots on Thursday while open

interests gained to 68,718 contracts from 66,946 previously. On

the physical market, October South was flat at RM2,750.

Source : Business Times

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