Palm Futures Up in Brisk Trade

CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher in choppy but active trading yesterday, dealers said.

“The market moved in tandem with higher crude oil and soyabean oil prices,” they said.

November 2011 rose RM60 to RM2,985 a tonne while December 2011 increased RM53 to RM2,976 a tonne. January 2012 improved RM53 to RM2,976 a tonne and February 2012 gained RM55 to RM2,977 a tonne.

Turnover fell to 18,278 lots, from 23,130 lots, recorded on Wednesday, while open interest amounted to 130,619 contracts.

Source: Business Times

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