CPO futures end higher on weaker production outlook

CPO futures end higher on weaker production outlook

The Edge Markets - Malaysia·2019-09-06 22:37

KUALA LUMPUR (Sept 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended firmer today, supported by expectations of weaker production in the coming weeks that may reduce the country's overall stock level.

Citing data from the Southern Peninsula Palm Oil Millers' Association (SPPOMA), palm oil trader David Ng said local CPO production fell 6.65 percent month-on-month (m-o-m) in the first five days of September 2019, offsetting the 3.07 percent m-o-m growth for Aug 1-31 shown by the Malaysian Palm Oil Association's data.

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