26/10/2010 (Commodity Online) - Crude palm oil futures staged a rally on Monday on follow through buying supported by the rally seen in international market.

Emerging retail demand for edible oil ahead of festival season in India supported the price rise.

Price rose despite higher stock as landed price has been increasing with the rise in international price.

Outlook
The CPO futures are expected to open slightly lower on profit booking and taking cues from weak overseas market.

But, fall could be limited as underlying fundamental factors are bullish. Robust demand for edible oil and tight supply is likely to render support to the market.

Though palm oil export data for Malaysia for first 20-days is showing a decline, BMD palm oil prices are remaining positive on hopes of revival in export demand.