More band trading likely for CPO

  • Business Premium
  • Monday, 22 Mar 2004

THE Malaysia Derivatives Exchange (MDEX) crude palm oil (CPO) futures prices slipped on long liquidation pressure and traded below its three-week-old band support levels in early trading but managed an upward rebound towards late week before closing Friday with small losses. 

Strong advances in the Chicago Board of Trade soyoil futures prices and higher palm oil exports for March 1–15 at 501,440 tonnes, up 15% from a month ago, aided sentiment. 

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