CPO Futures Rise on Better Export Data

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed

higher amid the good export data released by cargo surveyor Societe

Generale de Surveillance yesterday, dealers said.

The report

showed that exports of Malaysian palm oil products for August 1-15 rose

nearly 30 per cent to 947,594 tonnes from 731,842 tonnes shipped during

July 1-15.

September 2011 contract gained RM86 to close at

RM3,148 a tonne, October 2011 increased RM55 to RM3,070, and November

2011 increased RM53 to RM3,036.

Turnover rose to 22,855 lots from 22,409 lots on Friday while open

interest climbed to 135,982 contracts from 134,409 contracts previously.

On the physical market, August South was down RM10 at RM3,140 per tonne.

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