Palm Futures Rebound as Export Data Boost

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded yesterday on bullish April export figures, dealers said.

Cargo

surveyor Intertek Testing Services data showed the local palm oil

exports increased 13.6 per cent to 1,255,392 tonnes in April from a

month ago. Another surveyor, Societe Generale de Surveillance reported a

18.2 per cent increase in April exports.

May rose RM36 to RM3,406, June added RM12 to RM3,312, while July and August gained RM1 each to RM 3,271 and RM3,257.

Turnover fell to 14,358 lots from 24,567 lots last Friday.

On the physical market, May South shed RM30 to RM3,410. – Bernama

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