CPO Futures traded on a negative note on Monday taking cues from weak overseas palm oil prices and settled 0.18% lower.
Palm oil Futures on KLCE traded on a negative note last week and settled 0.25% lower on weaker than expected exports coupled with an increase in the inventories. Also, seasonally higher yield period added to the downside pressure. However, short coverings were seen at lower levels.
According to Malaysian Palm oil Board, exports increased 1.18% in April against March, while palm oil output jumped 3.92% and the end stocks increased 4.6%.
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