Palm oil Prices Higher & Rangebound Midday (Mar 20) on crude oil And Soy Oil, but weak Export | BBJ

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JAKARTA, Mar 20 (BBJ-JFX) - Palm oil Prices price higher & rangebound on Soy Oil and crude oil, but weak Malaysia's palm oil exports were limited gain.

May soybean oil at the Chicago Board of Trade up 0.36 poin to 32.25 per-pound in Asian trade today. Overnight, May Soybean Oil finished up 0.97 point to settl 31.89 cent per-pound.

The Nymex, benchmark light, sweet crude for April delivery down as 57 cent to $51.04 a barrel after-hours electronic trading. Yesterday, oil rose $3.47 to $51.61 a barrel.

Cargo surveyor Intertek Testing Services estimated Malaysia's palm oil exports in the March 1-20 period at 723,770 tons, Fell 9% from the estimated for the same period in February. The fugures are same market expectations 720.000 tons.

The benchmark june contract on the Bursa Malaysia Derivatives Exchange (CPO BMD) up 27 ringgit t0 1938 a mectric tons.

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