Palm oil futures up on bullish production data


KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives finished the week mostly higher today after volatile trading from lower Malaysian Palm Oil Association (MPOA) production data.

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the MPOA revealed that production for July 1-31, 2021 fell 5.97% to 1.51 million tonnes.

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