The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward momentum to end higher today driven by lower April output from the Southern Peninsula Palm Oil Millers’ Association (SPPOMA). The SPPOMA data revealed that April 1-20 output was marginally lower by 0.1% compared to the same period last month which pushed up the local market, along with stronger overnight gains from the Chicago soybean oil market.
