Monday, October 12, 2009

20091012 0934 By Reuters : "Palm jumps on rumours of strong exports"

"JAKARTA, Oct 9 (Reuters) - Malaysian crude palm oil futures closed up 2.7 percent, as investors rushed to cover short positions in late trade on speculation of higher exports for the first 10 days of the month, traders said.  "We heard rumours that exports are at 339,195 tonnes, or 8.3 percent higher (from Sept. 1-10)," a trader at a Kuala Lumpur-based brokerage said. " By Reuters

No comments: