With the escalating tariff conflict, we may see China turning to Argentina as an alternative to purchase soybean oil instead of from the US, says a trader.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives will likely remain in range-bound trading at between RM2,130 and RM2,170 next week, as traders may adopt a wait-and-see attitude, amid the ongoing trade tensions between the United States (US) and China, a dealer said.
Interband Group of Companies Senior Trader Jim Teh said uncertainties over the conflict had put a pressure on the prices of most commodities.
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