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 for most of last week and closed the week at its lowest level in four weeks. Trading remained lacklustre as traders awaited news of the ringgit revaluation and preferred to stay on the sideline.
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