09 Jul 2009 10:13 IST DJ MARKET TALK: BMD CPO Futures Up On Improved Demand Outlook
[Dow Jones] BMD CPO futures higher midday on upward correction, improved demand for vegetable oils in July, traders say. "Exports for the July 1-10 period will likely rise to 350,000 tons," Singapore-based trader says. Cargo surveyors Intertek and SGS scheduled to announce Malaysia's palm oil exports for July 1-10 period Friday. "Sentiment has improved slightly, prices are likely to remain rangebound during the afternoon session," trading executive from Kuala Lumpur-based brokerage says. Benchmark BMD September CPO futures trading MYR20 higher midday at MYR2,022/ton. (LSL) (Dowjones)
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