The Malaysia Derivatives Exchange (MDEX) crude palm oil (CPO) futures prices rebounded from recent losses on light technical buying last week and ended with moderate gains.
SGS’s Malaysian palm oil export estimates for the June at a slightly higher 1.12 million tonnes from 1.08 million tonnes in May provided the market with a mild positive sentiment. Recovery in the Chicago Board of Trade soyoil futures prices encouraged speculative bears to unwind earlier selling positions.
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