Steadier Demand Lifts Palm Futures Prices

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives

closed higher yesterday on steadier demand, dealers said.

They

said higher crude oil and soyoil prices had encouraged buying interest

in the CPO futures market.

At close, July 2010 rose RM13 to

RM2,464 per tonne, August 2010 increased RM14 to RM2,423 per tonne,

September 2010 gained RM16 to RM2,400 per tonne and October 2010 added

RM11 to RM2,384 per tonne.


Turnover, however, fell to 8,026 lots from 8,947 lots last Friday and

open interests declined to 75,805 contracts from 76,131 contracts

previously.

On the physical market, July South stood at RM2,500

per tonne.

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