Malaysian Palm Oil Wildlife Conservation Fund (MPOWCF)
palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher
yesterday amid a weaker US dollar and speculative buying, dealers said.
They said the upward trend was in line with the firmer vegetable oil prices.
2010 contract gained RM63 to close at RM3,075 per tonne, December 2010
went up RM62 to RM3,067, January 2011 increased RM66 to RM3,071 and
February 2011 rose RM64 to RM3,066.
Total volume eased to 19,159 lots from 14,048 last Friday, while open
interest decreased to 68,781 contracts from 70,127 previously.
On the physical market, October South rose RM60 to RM3,080 per tonne.
Source : Business Times
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