CPO futures close steadier

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday supported by gains in soyaoil and crude oil prices, dealers said.

May 2011 rose RM45 to RM3,405 a tonne, June 2011 and August 2011 increased RM51 each to RM3,386 a tonne and RM3,361 a tonne respectively, and July 2011 gained RM58 to RM3,370 a tonne.

Turnover declined to 19,959 lots from 20,020 lots on Thursday while open interests increased to 107,100 contracts from 105,758 contracts previously.

On the physical market, May South increased to RM3,410 a tonne from RM3,370 a tonne yesterday.

Source : Business Times

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