Barefoot Investor: CPO Higher Demand

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher yesterday due to better demand, dealers said. A dealer said the tight grain stock in overseas markets due to biofuel use also helped yesterday’s
pr ice.July 2011, August 2011 and September 2011 gained RM48 each to RM3,079 RM3,092 and RM3,082 per tonne respectively while October 2011 rose RM60 to RM3,091.

Turnover, however, decreased to 21,582 lots from 26,227 lots on Tuesday. On the physical market, July South jumped to RM3,100 per tonne from RM3,060 per tonne. — Bernama


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