KUALA LUMPUR: The crude palm oil (CPO) futures contract is expected to remain rangebound this week amid uncertainties in Europe despite the favourable weather in the United States, dealers said.
Interband Group of Companies Senior Palm Oil trader Jim Teh said the situation in Europe weighed on palm oil prices but tight soybean oil supply, due to the bad weather in the US, provided support.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
