CPO FUTURES[Friday - May 01, 2009]
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday, rebounding from previous losses on higher soyoil prices and positive exports data, dealers said.
Cargo surveyor Intertek Testing Services reported that exports of Malaysian palm oil products for April rose 2.5 per cent to 1,191,960 tonnes from 1,163,008 tonnes the previous month.
The dealers said that despite the swine flu threat, the short supply of soyoil due to the declining harvest in South America meant a worldwide shortage of vegetable oil, thus helping to push up palm oil prices.
At close to yesterday's trading, May 2009 gained RM74 to RM2,716 per tonne, June 2009 increased RM88 to RM2,634 per tonne, July 2009 went up RM115 to RM2,595 per tonne and August 2009 added RM138 to RM2,535 per tonne.
Turnover rose to 32,076 lots from 24,260 lots the previous day while open interests declined to 87,025 contracts from 86,590 contracts earlier.
As for the physical market, May South increased to RM2,750 per tonne from RM2,650 per tonne the previous day.
Tidak ada komentar:
Posting Komentar