ITS CPO export up 7.9% to 1,354,516 tonnes for the period of 1~31 May 2011.
SGS CPO export up 2.5% to 1,353,895 tonnes for the period of 1~31 May 2011.
Palm oil at over 2-mth top on demand hopes
KUALA LUMPUR, May 30 (Reuters) - Malaysian palm oil futures hit the highest since March 21 on Monday buoyed by expectations that export data due this week will show solid demand, though talk of stronger production capped gains.
"Traders took positions on expectations that exports would show better growth. We're looking at 1.45 million tonnes at least," said a trader in Kuala Lumpur.
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