Strong Buying Interest for CPO

KUALA LUMPUR: Crude palm oil futures contract prices on Bursa Malaysia Derivatives closed firmer yesterday, boosted by strong buying interest, a dealer said.

She noted the bullish export data for April 1-25 released yesterday by Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance, which within expectation, did not affect the local market.

May 2012 and June 2012 contracts rose RM40 each to RM3,513 a tonne and RM3,516 a tonne respectively.

July 2012 increased RM48 to RM3,511 a tonne while August 2012 added RM41 to RM3,490 a tonne.

On the physical market, April South remained unchanged at RM3,480 a tonne.

Source: Business Times

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