Palm oil to trade broadly lower next week

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the market would trade according to the March supply and demand estimates ahead of the Malaysian Palm Oil Board’s data due on April 10. "Palm oil price must fall if it were to regain competitiveness against soybean oil in the cash market, ” he told Bernama.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade broadly lower based on the sector fundamentals.

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the market would trade according to the March supply and demand estimates ahead of the Malaysian Palm Oil Board’s data due on April 10.