Palm Futures Up in Volatile Trade

CRUDE palm oil (CPO) futures contract ended higher in volatile trading yesterday as the market was sentiment driven prompted by external factors, dealers said.

On the local front, December 2010 gained RM64 to RM3,335 per tonne, January 2011 advanced RM63 to RM3,333 per tonne, February 2011 rose RM53 to RM3,318 per tonne and March 2011 increased RM51 to RM3,306 per tonne.

Overall, daily volume surged to a record high of 41,879 contracts, a level last seen in two years.
On the physical market, November South gained RM50 to RM3,350 per tonne.

Source : Business Times

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