MALAYSIA Derivatives Exchange (Mdex) crude palm oil futures prices was pressured lower in a strong wave of technical selling in early trading and slipped below the RM1,600 a tonne level for the first time in nine weeks and rebounded sharply towards mid-week on renewed buying enthusiasm to finally closed the week with small gains.
The steady cash product market, improved export movement and renewed buying-interests from India and China helped firmed values in the futures market last week.
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