CPO Futures Closed Flat On Wednesday

CPO Futures closed flat on Wednesday as there is steady supplies and demand in the physical market. As per SEA data, India Nov-Dec RBD palmolein import 486,502 tonnes, up 5% on year and Dec RBD palmolein import 245,554 tonnes vs 231,810 tonnes year ago. Malaysian palm oil futures fell on Thursday recording a second straight day of losses as traders booked profits ahead of the long break for the Lunar New Year holidays. Palm is also weighed down by a weaker Dalian. However, Palm oil export data showed rising demand, as shipments rose 9.3 percent in the Jan. 1-25 period versus the previous month, two cargo surveyors said on Wednesday.

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