The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives erased Tuesday’s gains to end lower today, tracking the downtrend in soybean oil futures on the Chicago Board of Trade (CBOT). Palm oil trader David Ng said the losses were coupled with weaker sentiment over the exports pace in coming weeks as higher prices would deter buying interest.
CPO futures end lower, tracking downtrend in soybean oil futures
2021-05-19T11:34:07-04:00May 19th, 2021|
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