CPO Futures End Higher on Better Export Data

THE crude palm oil futures market ended generally higher on Bursa

Malaysia Derivatives yesterday, on the back of improved export data for

early June.

Two independent cargo surveyors, Intertek Testing

Services (ITS) and Societe Generale de Surveillance (SGS) yesterday

released the country’s CPO export data for the first 20 days of June.

SGS

said exports of Malaysian palm oil products for June 1-20 rose 15.5 per

cent to 914,849 tonnes from 791,971 tonnes shipped in May 1-20 period.


Meanwhile, ITS reported an increase of 16.8 per cent in June’s palm oil

products shipment at 906,321 tonnes from 775,995 tonnes in the same

period of May.

Source : Business Times

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