15/05/2012 (The Star) - Crude palm oil (CPO) futures staged a mild rebound in late morning on Tuesday on news that exports of Malaysian palm oil products had picked up in the May 1-15 period.

The CPO for May delivery rose RM45 to RM3,200 while for June, it added Rm23 to RM3,176 and for July, it was up RM24 to RM3,174.

Reuters reported cargo surveyor Intertek Testing Services as saying exports of Malaysian palm oil products for May 1-15 rose 0.7% to 599,044 tonnes from 594,798 tonnes shipped during April 1-15.

On Monday, CPO futures hit a three month low as concerns on the global economic slowdown and weak palm oil demand continue to worry investors.

The benchmark futures CPO July contract tumbled RM102 to close at RM3,173 per tonne on Monday from RM3,275 per tonne last Friday.