Brent above US$110

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed slightly higher yesterday, after the two-day break for the Chinese New Year, dealers said.

“Trading volume was thin. The market was quiet as traders were off-market due to the Chinese New Year celebration,” a dealer said.

February 2012 and March 2012 weent up RM9 each to RM3,172 a tonne and RM3,171, respectively. April 2012 added RM4 to RM3,169 and May 2012 rose RM6 to RM3,158.

Volume slipped to 13,053 lots from the 25,832 lots on Friday while open interest fell to 109,854 from 111,279 contracts.

On the physical market, February South stood at RM3,190 from Friday’s RM3,165. Bernama

Source: Business Times

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