24/10/2011 (Business Times) - Crude palm oil futures on Bursa Malaysia Derivatives closed firmer on speculative trade yesterday, a trader said.

"It's all paper trading because India had bought their stocks ahead of Deepavali and there was slow demand from China," he said.

November 2011 edged up by RM21 to RM2,881 a tonne; December 2011 added RM20 to RM2,886; January 2012 was firmer by RM17 at RM2,883; and February 2012 was RM16 higher at RM2,889.

Volume dropped to 21,057 lots from 31,354 lots on Thursday while open interest rose to 138,673 from 138,380 contracts.

On the physical market, October South inched up RM10 to RM2,890 a tonne.