CPO Futures end Firmer

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed firmer yesterday in active trading after sharp declines last week, dealers said.

They said investors, anticipating a possible export tax change by the government, were cautious in their trading.

At the close, October 2012 increased RM43 to RM2,268 per tonne, November 2012 rose RM70 to RM2,384, December 2012 jumped RM70 to RM2,438 and January 2013 added RM74 to RM2,504.
Turnover fell to 31,077 lots from 36,000 lots on Monday, while open interest slipped to 161,170 contracts from 163,067 contracts previously.

Source : Business Times

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