KUALA LUMPUR, April 15: Malaysian crude palm oil futures were up in thin trade on Friday after data showed palm oil exports recovering from a weak start in April. Societe Generale de Surveillance, a leading tracker of Malaysian oil palm cargoes, said exports for April 1 to 15 stood at 548,118 tonnes, up 1.2 per cent from the 541,834 tons seen for March 1 to 15.
This was in contrast to the 10.5 per cent month-on-month drop seen for April 1 to 10.
Exports were officially up 27 per cent in March and the market had been fearing a sharp consolidation in April after seeing numbers for the first 10 days.
Traders pegged immediate resistance at 1,450 ringgit.
Other traded contracts settled up 8 to 9 ringgit.
Volume was a light 2,599 lots of 25 tons each. The market usually sees a transaction of 6,000 lots or more on a busy day.
In the central zone, the two months were bid/offered at 1,427.50/1,435 ringgit.
Trades were done at 1,420-1,430 ringgit in both regions.
