Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher supported by strong export data and the uptrend in the soyoil market, a dealer said.
According to cargo surveyor, Intertek Testing Services, exports for December 1-20 soared 31.35 per cent to 1.1 million tonnes from 836,659 tonnes shipped in the same period last month.
Societe Generale de Surveillance meanwhile said exports for December 1-20 advanced by 31.5 per cent to 1,110,753 tonnes from 844,750 in the corresponding period.
At close yesterday, the benchmark third-month March 2009 contract ended RM52 higher at RM1,588 per tonne.
Of other contracts, Jan 2009 added RM48 to close at RM1,590 per tonne, February 2009 climbed RM52 to RM1,587 per tonne and April 2009 gained RM48 to RM1,585 per tonne.
Total volume went down to 8,003 lots compared with 9,562 lots last Friday while open interest advanced to 84,533 contracts from 83,725 contracts previously.
On the physical market, December South was higher at RM1,600 per tonne from RM1,560 previously.
More Recent Palm Oil News 
- Crude Palm Oil Ends Up On Weekend Short Covering; Upside Limited
- Crude Palm Oil Recovers Late On Short Covering
- Crude Palm Oil Ends Down As Demand Prospects Weaken
- Crude Palm Oil Rises Slightly; Weak Demand Limits Upside
- Crude Palm Oil Ends Up On South America Crop Worries
- Crude Palm Oil Rises On Pre-Holiday Short-Covering
- Crude Palm Oil Falls Due To Bearish Export Outlook
- Crude Palm Oil Ends Higher On South America Weather
- Crude Palm Oil Ends Down On Profit Taking; USDA Report In Focus
- Crude Palm Oil Rises In Light Trade; USDA Data In Focus
- Crude Palm Oil Steady; South America Weather May Underpin
- Crude Palm Oil Ends Up In Light Trade; Fresh Cues Awaited
- Crude Palm Oil Ends Up On Weather Concerns; More Gains Likely
- Crude Palm Oil Ends Down On Profit Taking, Europe Worries
- CPO Ends Unchanged; May Slip Toward MYR3,200 After Recent Rally
PRO Palm Oil Live Market News
- European Veg Oil PM Palm Oil & Lauric Oil Prices – Feb 3
- European Veg Oil AM Palm Oil & Lauric Oil Prices – Feb 3
- India Edible Oil Prices Down On New Crop Arrival, Strong Rupee
- India Commodity Prices Including Palm Oil – Agriculture
- Crude Palm Oil Ends Up On Weekend Short Covering; Upside Limited
- Malaysian PM Cash Market Prices For Palm Oil – Feb. 3
- Indonesia Eyes Lower Pakistan CPO Duty, Adds Trade Path To Central Asia
- China Soybean Futures Retreat From 12-Week High On Profit Taking, Argentina Rains
- Malaysia Cash Palm Olein Prices Slip On Tepid Demand
- China Dalian Commodity Exchange Grain Stocks, Feb 03
- China Dalian Grain Futures Closing Prices, Volume
- BMD Crude Palm Oil (CPO) Futures Lower Midday; May Fall More
- Malaysian AM Cash Market Prices For Palm Oil – Feb. 3
- Malaysia May Reform CPO Export Tax Structure -Report
- BMD Crude Palm Oil (CPO) Futures Steady; To Remain Rangebound
