Malaysia CPO up tracking CBOT soy oil, high exports.

After declining for two consecutive sessions, futures contracts of crude palm oil on Bursa Malaysia Derivative recovered tracking gains in soy oil contracts on the CBOT. Prices of crude palm oil and soy oil typically move in tandem, as both are used as substitutes for each other. Despite expectations of higher Malaysian palm oil output in September, a rise in exports to China and the Indian subcontinent is likely to cap inventories. Malaysia’s palm oil exports during Sep 1-25 rose over 16% on month to 1.1 mln tn.