KUALA LUMPUR, Nov 7 (Bernama): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on technical correction after touching an eight-year high on festive demand.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said India, the largest palm oil importer with 1.3 billion population, has already secured its edible oil purchase and forecasts a quiet shipment of Malaysian palm oil into the country.
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