CPO rebounds on widening discount to soybean oil


PETALING JAYA: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher after falling to its lowest level in almost one year at RM2,905 per tonne on Monday.

The benchmark CPO futures contract for December firmed RM47 to settle at RM2,982, November contracts rose RM41 to RM2,949 and October contracts added RM43 to RM2,948 per tonne respectively yesterday.

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