CPO futures continue uptrend on better sentiment


“We also discussed the opportunities in engaging trilateral cooperation using Malaysian palm oil and palm oil-based products to address food security in third countries, ” Hishammuddin (right) said in a joint news conference following bilateral meetings with his visiting Chinese counterpart Wang Yi (left) here.

PETALING JAYA: The uptrend in the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued for the seventh consecutive day yesterday, backed by positive market sentiment.

A dealer said the recent export figures helped boost investor sentiment amid better economic data from China, one of the world’s largest palm oil consumer.

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China , Malaysia , Wang yi , Hishammmuddin , palm oil , price , uptrend ,

   

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