Malaysian Palm Oil Council (MPOC)  
   
  
   


PALM OIL PRICES ON BURSA MALAYSIA DERIVATIVES BHD

Friday, July 4, 2008
Source from The Star

The Crude Palm Oil Futures Closing : Thursday, 3 July 2008

(Prices are in RM/tonne)

MONTH OPEN HIGH LOW SETT VOL O.P.
JUL  08 3532 3580 3500 3570 121 571
AUG  08 3605 3623 3575 3623 1085 9046
SEP  08 3620 3647 3592 3635 5636 15516
OCT 08 3628 3659 3603 3659 1239 5817
NOV 08 3625 3625 3625 3660 15 2910
DEC 08       3659   324
JAN  09 3650 3650 3650 3657 10 2506
MAR 09 3595 3645 3595 3640 283 1138
MAY 09       3630   835
JUL 09       3642   1898
SEP  09       3634   816
NOV 09       3605   320
JAN 10       3577   711
MAR10       3581   137
MAY10 3600 3600 3600 3600 50 1150

            
  Total Open Position : 43,705 ctrs
  Total Turnover :   8,439 lots
  Market Tone : Higher
           

The Palm Kernel Oil Futures

(Prices are in RM/tonne)

MONTH

OPEN

HIGH

LOW

SETT

VOL

O.P

MAY  08       4423    
JUN  08       4423    
JUL  08       4423    
AUG  08       4423    
SEP  08       4423    
            
  Total Open Position : Nil
  Total Turnover : Nil
           
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CRUDE palm oil )CPO futures prices on Bursa Malaysia Derivatives closed higher today, as it is continued tracking the strong crude oil price which soared to a new record of US$146 per barrel.

The local futures market which stumbled during the midday session, return to its strong position after receiving a boost from stronger external factors. The benchmark September contract closed higher by RM19 at RM3,635/MT compared to yesterday's closing of RM3,616/MT. The local market took the cue from the stronger Chicago Board of Trade (CBOT).

"Our CPO prices discount more than US$300 per tonne compared to soyoil. This situation continued to attract more foreign players into the market.

CPO is expected to be traded RM3,700/MT tomorrow. On the physical market, July South was unchanged at yesterday's RM3,650/MT.

- OSK Investment Bank Bhd | E-mail : trade.mlk@osk.com.my

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