palm oil futures on Bursa Malaysia Derivatives closed higher yesterday
in line with other vegetable oil markets despite the strengthening US
dollar putting pressure on the gains, dealers said.
contract gained RM30 to RM2,920 a tonne, December 2010 went up RM27 to
RM2,914, January 2011 increased RM30 to RM2,919 and February 2011 rose
RM28 to RM2,818.
Total volume decreased to 18,175 lots from
20,653 lots on Monday. Open interest rose to 71,504 contracts from
On the physical market, October South rose RM30 to RM2,930 tonne.
Source : Business Times