CPO futures likely to trade in bearish mode, all eyes on India


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in bearish mode next week amid talks that the Indian government is set to impose additional tariffs on imports of edible oil.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said India would table its 2021 budget on Monday (Feb 1).

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