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.
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