Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the 1.44% decline in SPPOMA’s output last month had pushed up the local market, along with stronger overnight gains of the Chicago soybean oil market.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday, driven by lower September output from the Southern Peninsula Palm Oil Millers’ Association (SPPOMA).
Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the 1.44% decline in SPPOMA’s output last month had pushed up the local market, along with stronger overnight gains of the Chicago soybean oil market.
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