CPO Futures traded on a mixed note on Thursday. Weak BMD palm oil and higher imports pressurized prices while positive soy oil supported prices and settled marginally higher 0.02%.
Palm oil Futures on KLCE traded on a negative note on Thursday on account of rising inventories during the seasonally higher yield period coupled with weaker than expected exports and settled 0.68% lower. Prices gained over the last few days on rising crude oil and positive soy oil prices.
According to Malaysian Palm oil Board, exports increased 10.7% in May against April, while palm oil output jumped 6.5% and the end stocks increased 4.2%.
India's crude palm oil imports increased 43.22% in May to 547,151 tn from 382,034 tn last year.
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