palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended
mostly higher yesterday, as market players increased their holdings
ahead of the weekend, said dealers.
One of the dealers said the
ringgit’s continuous appreciation would likely continue next week,
making investors worry that it meant more cost for exports.
Before the CPO price escalate further, some of the market players increased their holdings, he said.
At close, September 2010 was at RM2,820 a tonne, October 2010 was up
RM17 to RM2,702 a tonne, November 2010 rose RM30 to RM2,645 a tonne and
December 2010 closed RM31 higher to RM2,627 a tonne while new contract,
January 2011, stood at RM2,620 a tonne.
Total volume surged to
19,046 lots from 16,002 lots on Wednesday while open interest improved
to 68,199 contracts from 66,747 contracts on Wednesday.
On the physical market, September South declined RM20 to RM2,730 a tonne from RM2,750 a tonne on Wednesday.
Source : Business Times