CPO Futures Surge to 30-Month High


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

RM3,660 .

Total volume went up to 26,915 lots from 23,408

lots last Friday while open interest edged up to 86,685 contracts from

85,371 previously.

On the physical market, December South stood at RM3,700.

Source : Business Times

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