KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday on the back of solid gains in soybean oil on the Chicago Board of Trade and a weaker ringgit, said a dealer.
Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said prospect of improving exports amid lower output for the year would drive CPO futures higher and lift up cash prices.
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