Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are
expected to rebound next week amid expectations of good export figures
for the first half of this month, dealers said.
A dealer said during the current festive season, the demand was expected to be strong.
He said although the market sentiment has improved, there were still some concerns about the US and Europe debt.
The dealer expected the benchmark month of October to be in the range of RM3,050-RM3,150 next week.
shed RM17 to RM3,062, October 2011 fell RM36 to RM3,015 and November
2011 dropped RM61 to RM2,983.
Turnover increased to 151,415 lots from 116,785 lots last week
while the open positions rose to 134,409 contracts at the end of this
week against 127,541 contracts a week ago.
On the physical market, August South rose by RM10 to RM3,150 per tonne. — Bernama