Malaysia CPO ends higher as November output falls.

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher due to an on-month fall in the country’s palm oil output in November. Malaysia’s palm oil production was down 3.3% on month at 1.9 million metric tonne in November. The rise in prices was also due to bargain buying, as prices had hit an over five-month low of 2,455 ringgits (38,792.91 rupees) per metric tonne. The February contract on the Malaysian bourse closed at 2,471 ringgits per metric tonne, up 0.5% from the previous close.