KUALA LUMPURv (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower Friday, tracking the weakness in rival soybean oil futures which dipped more than 4% on the US Chicago Board of Trade (CBOT) overnight and the Dalian Commodity Exchange.
Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the local CPO market was also dragged by the plunge in crude oil prices during the US/Europe trading yesterday.
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