KUALA LUMPUR (Nov 8): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives retreated to end easier following concerns about China demand.
A trader said Covid-19 restrictions in the world’s largest vegetable oil consumer continued to spark worries among traders.
KUALA LUMPUR (Nov 14): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives dropped to a two-week low on Monday (Nov 14), mainly on profit-taking after locking in over RM100 on Friday (Nov 11), said Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa.
He said the spot month (November 2022) dropped to RM3,987 a tonne, the lowest since Oct 31.