
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday in line with the rising soya bean prices, dealers said.
They said US soya bean futures prices rose on the weakening of the US dollar. Another dealer, however, said the uptrend may not be sustained on lack of positive stimulating news in the local market. At the close, March 2009 rose RM15 to RM1,890 per tonne, April 2009 increased RM26 to RM1,866, May 2009 gained RM45 to RM1,880 and June 2009 went up RM26 to RM1,850.
Volume increased to 12,382 lots from 12,274 lots last Friday and open interests declined to 83,192 contracts from 84,393 contracts previously. On the physical market, March South was higher at RM1,930 per tonne from RM1,900 previously.
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