KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to witness sluggish trading next week as weaker demand continues to depress prices.
Palm oil trader David Ng said the world’s biggest buyer of palm oil, India, is currently having a lockdown to curb COVID-19 pandemic until April 14, and it will affect the local market.
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!