Palm Futures up on Bullish Leads

KUALA LUMPUR: Crude palm oil (CPO) futures prices extended uptrend to close firmer, spurred by firmer soyaoil prices on the Chicago Board of Trade, a dealer said

The market was also buoyed by expectations of bullish export data for the first 20 days of June, by cargo surveyors Societe Generale de Surveillance and Intertek Testing Services, she said.

July 2012 contract added RM89 to RM2,930 per tonne, August 2012 rose RM94 to RM2,942 per tonne, September 2012 jumped RM99 to RM2,948 per tonne and October 2012 surged RM109 to RM2,964 per tonne.
 
On the physical market, June South rose RM30 to RM2,940 per tonne from RM2,910 per tonne previously.

Source : Business Times

For more news update visit our  Facebook

Leave a Reply