By Fatin Umairah Abdul Hamid
KUALA LUMPUR, May 2 (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday due to strong demand from India, which rose by 41 per cent to an estimated 682,000 tonnes in April, the highest level in three months, said a dealer.
Palm oil trader David Ng said India is the world’s biggest importer of vegetable oils, and higher purchases in April are probably due to seasonally stronger demand and lower palm oil prices.
“The lower-than-expected pace of production also supported the market.
“We see support at RM3,750…