Slight rise of CPO futures seen

  • Business Premium
  • Monday, 05 May 2003

Crude Palm Oil 

THE Malaysia Derivatives Exchange (MDEX) crude palm oil (CPO) futures prices held steady during the four-day holiday shortened trading week and closed with minor gains. Light short-covering and speculative buying activities emerged on news that India had reduced custom duty on refined palm oils, causing traders to believe that Indian buyers would switch from CPO to refined palm oils and directly benefiting Malaysia and be negative for Indonesia that is mainly a crude producer.  

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

TNB gets nod for RP3; electricity tariff remains Premium
Inta Bina secures RM160.6mil construction contract Premium
Financial Sector Blueprint 2022-2026 initiatives complement current banking infrastructure Premium
Boustead, Boustead Plantations appoint new directors Premium
KLCC REIT returns to the black in 4Q Premium
SDP's report on forced labour allegation close to completion Premium
Bursa Malaysia ends broadly higher Premium
RHB hosts webinar on small cap investment Premium
Bursa Malaysia posts RM355.25mil net profit for FY2021 Premium
AirAsia changes name to Capital A to reflect new core business strategy Premium

Others Also Read