Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin
CRUDE palm oil futures prices on the Bursa Malaysia Derivatives trended lower throughout last week as bears dominated trading following worries of a revaluation in the Malaysian ringgit. Fears that a higher ringgit would make palm oil that is priced in US dollar less competitive, encouraged active speculative long liquidation.
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