Malaysia CPO ends 2% up on firm exports Dec 1-25.

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended over 2% higher due to a month-on-month rise in the country’s palm oil exports during Dec 1-25. Cargo surveyor Intertek Agri Services today estimated Malaysia’s palm oil exports between Dec 1 and Dec 25 at 1.09 mln tn, up 1% on month. The most-active March contract of crude palm oil on the Malaysian bourse closed at 2,504 ringgits (39,299.35 rupees) per tn, up 2.2% from the previous close. A weak ringgit against the dollar further supported crude palm oil prices on the Malaysian bourse. Weakness in the Malaysian currency makes crude palm oil attractive for overseas buyers.