KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed mixed yesterday as trading was directionless due to the lower ringgit, higher stock outlook, gloomy May export outlook and the likelihood of Indonesia reducing its levy rate.
Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the drop in ringgit to a two-week low cushioned some of the fall in CPO futures.
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