Malaysia CPO up on CBOT soy cues; export data eyed

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives rose marginally, tracking overnight gains in soyoil contracts on CBOT. The most-active July contract was up 7 ringgits at 2,415 (40,825 rupees) ringgits per tn. Prices of crude palm oil and soy oil move in tandem. Overall sentiment for the palm oil, however, remains weak due to expectation of higher output in the second half of the year.