Palm Futures Up on Strong Buying Interests

CRUDE palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday on strong buying interests, dealers said.

A

dealer said the palm oil exports data, which were expected to be

released today by Malaysian Palm Oil Board, were estimated to touch 1.1

million tonnes.

August 2011 rose by RM35 to RM3,125 a tonne,

September 2011 increased by RM40 to RM3,125, October 2011 grew by RM29

to RM3,107 and November 2011 increased by RM33 to RM3,108.

Turnover increased to 26,793 lots from 22,876 lots on Monday while open

interest slipped from 134,890 to 134,678 contracts. On the physical

market, August South rose by RM30 to RM3,130 .

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