CPO futures seen to drift sideways

  • Business Premium
  • Monday, 21 Jul 2003

THE Malaysia Derivatives Exchange (MDEX) crude palm oil futures prices remained under selling pressure throughout most of the sessions and ended the week moderately lower. Players unwinded long positions following renewed weakness in the Chicago Board of Trade (CBOT) soyoil futures, and the expectation that the Malaysian palm oil exports, stocks and production outlook for July would be a little negative.  

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