Singapore palm plays mostly higher with Golden Agri-Resources (E5H.SG) +2.0% at $0.755, Indofood Agri (5JS.SG) +0.7% at $2.86, First Resources (EB5.SG) +2.8% at $1.47, Kencana Agri (F9M.SG) +1.2% at $0.425.

Palm plays nearing their mid-November highs which reached amid surging CPO price, weakening USD, play on increased liquidity from Fed’s QE2 plan but pullback since then likely down to profit-taking, as industry fundamentals remain bullish for CPO going into 2011.