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CPO Futures End Mostly Higher On Stronger Export Estimates, Lower Output
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CPO Futures End Mostly Higher On Stronger Export Estimates, Lower Output
KUALA LUMPUR, June 10 (Bernama) — Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly higher today on stronger export estimates and lower production after data from the Malaysian Palm Oil Board (MPOB) showed a month-on-month decline in output, a trader said. Iceberg X Sdn Bhd proprietary trader David Ng said the decline in palm oil production reported by the MPOB is expected to support CPO prices in the near term. …
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