Malaysia CPO rises on bargain buys post 2-week low

The April futures contract of crude palm oil on the Bursa Malaysia Derivatives ended over 1% higher due to bargain buying after prices hit a two-week low of 2,445 ringgits per tn earlier. The most-active April contract of crude palm oil on the Malaysian bourse settled at 2,493 ringgits (40,955.24 rupees) per tn, up 1.1% from the previous close. Gains in soyoil contracts on CBOT also supported crude palm oil prices on the Malaysian bourse.