Palm Oil Futures Rebound as MPOB Report Highlights Rising Origin Demand and Supply Tightness.
Benchmark crude palm oil (CPO) futures edged higher on the Bursa Malaysia Derivatives (BMD), with the benchmark November delivery contract rising 12 ringgit to settle at 4,819 Malaysian ringgit ($1,080+) per metric ton. According to commodity analysts at Nanhua Futures, the rebound was underpinned by the latest Malaysian Palm Oil Board (MPOB) monthly data release, … Read more