higher yesterday, aided by favourable export figures released as well as
continued demand, dealers said.
Cargo surveyors Intertek Testing Services and Societe Generale de
Surveillance reported higher exports between Feb 1 and Feb 10 and this
was supported by higher offtake figures released by the Malaysian Palm
Oil Board on Wednesday.
The encouraging figures prompted both February and March gained RM21
to RM2,591 and RM2,586 per tonne, respectively, April rose RM17 to
RM2,580 per tonne and May increased RM23 to RM2,578 per tonne.
Turnover increased to 12,763 lots while open interest declined to 77,624
On the physical market, February South finished RM20 higher at
RM2,600 per tonne.
Source : Business Times