CPO futures rise on bullish demand

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed higher yesterday with market players bullish over the May 1-25 palm oil export data, due to be released today, dealers said.

June 2011 gained RM17 to close at RM3,460 a tonne, July 2011 increased RM21 to RM3,408, August 2011 rose RM25 to RM3,380 and September 2011 was RM18 higher at RM3,362.

Turnover declined to 18,689 lots from 28,980 lots on Monday while open interest slipped to 102,443 contracts from 102,471 contacts previously.

On the physical market, June South rose RM10 to RM3,450 from the RM3,440 previously – Bernama

Source: Business Times

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