CRUDE
palm oil futures prices on Bursa Malaysia Derivatives ended mixed
yesterday, with the benchmark November contract settling RM7 higher at
RM2,542 per tonne.
A dealer said despite the lack of direction,
the market strong’s fundamentals remained intact on expectation of
positive demand for the vegetable oil in the following months.
“Concerns
over weak production in the coming weeks as most plantation workers
take leave for the long Muslim holiday and that rain will disrupt output
in Indonesia and Malaysia will lift the market in the near-term,” he
added.