Palm oil prices end higher

Palm oil prices end higher

KUALA LUMPUR (Reuters): Malaysian palm oil futures

ended mostly higher on Tuesday on technical buying, expectations of an increase in China's demand and worries about supply from Indonesia.

Benchmark third-month August futures ended up 17 ringgit at 792 ringgit ($208.42) a ton. Volume stood at 1,411 lots.

Resistance at 777 had been broken.

In the physical sector, June crude palm oil for the southern region was offered at 775 ringgit a ton against bids at 770, and deals were reported at 770 to 772.50 for south.

June (CPO) for the southern region was offered at 780 ringgit against bids of 775. Trade was reported at 775.

July (south and central) crude palm oil was offered at 800 ringgit against bids at 780. Deals were done at 785 to 790 for south.

Among refined products June RBD palm oil was offered at $222.50 a ton FOB and July at 225.