Malaysian Palm Oil Wildlife Conservation Fund (MPOWCF)
palm oil futures prices surged to a more than a 30-month high yesterday
amid worries over supply shortage due to the monsoon season and a
firmer Chinese soya oil market.
At the close, December 2010 rose
RM70 to RM3,700 a tonne, January 2011 increased RM100 to RM3,770 ,
February 2011 gained RM89 to RM3,722 but March 2011 slipped RM77 to
Total volume went up to 26,915 lots from 23,408
lots last Friday while open interest edged up to 86,685 contracts from
On the physical market, December South stood at RM3,700.
Source : Business Times
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