Malaysia CPO up on cues from CBOT soy, output worry

Futures contracts of crude palm oil rose on the Bursa Malaysia Derivatives today tracking gains in CBOT soyoil and on worries of lower output in the coming months. The most-active May contract of crude palm oil on the Malaysian bourse was trading at 2,540 ringgits (42,087 rupees) per tn, up 17 ringgits from the previous close. Strength in the ringgit against the dollar is likely to limit sharp gains in the contract as it makes exports less attractive for sellers of the commodity.