Malaysia CPO ends lower on weak export data

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended lower due to a month-on-month decline in the country’s palm oil exports during Nov 1-15. Cargo surveyor Intertek Agri Services today estimated Malaysia’s palm oil exports during Nov 1-15 at 660,465 metric tonne, down 4.3% on month. The most-active January contract of crude palm oil on the Malaysian bourse closed at 2,712 ringgits (42,377.25 rupees) per metric tonne, down 0.2% from the previous close.