MALAYSIAN crude palm oil futures rose 0.6 per cent by midday today,
boosted by hopes of a recovery in demand in coming months, traders said.
said investors are less concerned about the high inventory levels and
kept betting on demand prospects as exports continued to rise and
production may dip due to rainy weather.
Exports of Malaysian
palm oil products for Nov 1-20 rose 14.53 per cent to 930,133 tonnes
from 812,095 tonnes shipped between Oct 1 and 20, cargo surveyor
Intertek Testing Services said earlier today.
anticipating good export numbers for coming months because eventually
buyers need to buy and hedge their positions,” said a trader at a Kuala