CPO Futures end Firmer for Third Day

KUALA LUMPUR: Crude palm oil futures ended on a firm note for a third consecutive day yesterday, dealers said.

They said Malaysia has approved a plan to slash export taxes from the current level of 23 per cent a tonne and market players are still waiting for the announcement.

October 2012 surged RM122 to RM2,400 a tonne, November 2012 rose RM68 to RM2,453 and January 2013 added RM61 to RM2,586.
Meanwhile, December 2012 chalked up RM66 to RM2,523.

Turnover fell to 41,253 lots from 45,198 lots while open interest eased to 175,509 contracts from 178,865 previously.

On the physical market, October South added RM120 to RM2,400 a tonne.

Source : Business Times

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