Palm Futures Firmer on Bullish Leads

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed firmer yesterday supported by higher soyabean oil prices and encouraging production and export data, dealers said.

October 2011 rose RM24 to RM2,810 a tonne, November 2011 added RM20 to RM2,798 , December 2011 climbed RM21 to RM2,793 and January 2012 gained RM27 to RM2,804.

Total volume increased to 24,103 lots from Friday’s 21,749 lots while open interest amounted to 139,670 contracts, from 139,108, recorded previously.

On the physical market, October South gained RM25 to RM2,825.

Source: Business Times

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