CPO futures contract for May 2021 fell RM72 to RM4,788 per tonne.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the second consecutive day, tracking the soybean oil’s weak performance on the US Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa told Bernama that the reinstatement of the Movement Control Order (MCO 3.0) was also dragging the market down.
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