Palm Futures end Higher on Buoyant Sentiment

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives finished higher yesterday as traders anticipated a positive outcome from the export tax cut proposal, dealers said.

October and November jumped RM59 each to RM2,248 and RM2,334 a tonne respectively, while January 2013 gained RM42 to RM2,480 and benchmark December surged RM63 to RM2,415 a tonne.

Turnover rose to 41,744 lots from 33,333 lots on Thursday while open interest increased to 170,213 contracts from 164,431 contracts previously.
On the physical market, October South added RM60 to RM2,250 per tonne.

Source : Business Times

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