Palm | Kelapa Sawit

CPO futures ended mix after it surrendered some of its earlier gains amid pre-weekend covering. Profit taking activities immediately took place as Benchmark Apr09 slid down till intra day low of 1854 before morning session closed, after it opened at intra day high of 1908 following overnight CBOT soy oil and NYMEX crude oil rallied higher. It then hovered between 1892-1862 level through out the second session before finally settled almost unchanged at 1880. eCBOT soy complex and Dalian palm had traded higher during Asian time trading, providing some support to our local CPO prices. Generally, traders were still cautious ahead of long weekend even though overall volume increased.