{"id":6815,"date":"2024-05-28T18:39:26","date_gmt":"2024-05-28T18:39:26","guid":{"rendered":"https:\/\/econoasia.com\/strong-demand-from-india-in-april-lifts-cpo-futures-higher-at-close\/"},"modified":"2024-05-28T18:39:26","modified_gmt":"2024-05-28T18:39:26","slug":"strong-demand-from-india-in-april-lifts-cpo-futures-higher-at-close","status":"publish","type":"post","link":"https:\/\/econoasia.com\/id\/strong-demand-from-india-in-april-lifts-cpo-futures-higher-at-close\/","title":{"rendered":"STRONG DEMAND FROM INDIA IN APRIL LIFTS CPO FUTURES HIGHER AT CLOSE"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>By Fatin Umairah Abdul Hamid<\/strong><\/p>\n<p>KUALA LUMPUR, May 2 (Bernama) &#8212; 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.\u00a0<\/p>\n<p>Palm oil trader David Ng said India is the world\u2019s biggest importer of vegetable oils, and higher purchases in April are probably due to seasonally stronger demand and lower palm oil prices.<\/p>\n<\/p><\/div>\n<div>\n<p>\u201cThe lower-than-expected pace of production also supported the market.\u00a0<\/p>\n<p>\u201cWe see support at RM3,750&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bernama.com\/en\/news.php?id=2293581\">Tautan sumber<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fatin Umairah Abdul Hamid KUALA LUMPUR, May 2 (Bernama) &#8212; 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.\u00a0 Palm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[456,2009],"tags":[5129,5126,5127,5125,5128,2805],"class_list":{"0":"post-6815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bombay-stock-exchange-bse","7":"category-bombay-stock-exchange-bse-id","8":"tag-anilkumar-bagani","9":"tag-bursa-malaysia-derivatives","10":"tag-closing","11":"tag-cpo","12":"tag-david-ng","13":"tag-palm-oil"},"_links":{"self":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/posts\/6815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/comments?post=6815"}],"version-history":[{"count":0,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/posts\/6815\/revisions"}],"wp:attachment":[{"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/media?parent=6815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/categories?post=6815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/econoasia.com\/id\/wp-json\/wp\/v2\/tags?post=6815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}