CPO Futures End Mostly Steady

CRUDE palm oil futures closed steadier on easing concerns over a possible global economic recession, dealers said.

October 2011 slipped RM20 to RM2,820 a tonne, November 2011 gained RM17 to RM2,817, December 2011 rose RM23 to RM2,808 and January 2011 firmed RM18 to RM2,808.

Trading volume increased to 34,535 lots, from 28,757 lots, registered on Wednesday, while open interest amounted to 136,807 contracts, from 133,710, recorded previously.

On the physical market, October South remained unchanged at RM2,830 a tonne.

Source: Business Times

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