CPO Futures Continue To Trade Higher

CPO Futures continue to trade higher on Tuesday tracking firm International and good domestic demand from the stockists in anticipation of good domestic demand. Malaysian palm oil futures rising to a two-week high on weak output and also supported by a weaker ringgit, palm's traded currency, which made it cheaper for holders of foreign currencies. Palm oil output in Malaysia, the world's secondlargest producer, fell 6.1%to 1.57 mt in November from a month earlier. It is expected that the production in December will be lower due to rains from the monsoon season have disrupted the fruit-harvesting process.

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