[Dow Jones] New benchmark BMD September CPO futures trading higher. Crude, soyoil's rise spur buying interest in early trade, Kuala Lumpur-based broker says. But sluggish export demand to cap. "While there's been inquiries (from Middle East buyers), firm bookings have been few...Some are waiting for a further drop in prices before securing bookings for the festive (Ramadan) season," says exporter in Johor who ships palm oil to Middle East. September contract trading MYR9 higher at MYR2,375/ton.
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