At the close, the CPO futures contract for new spot month July 2021 fell RM72 to RM3, 642 per tonne.
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday amid overnight weakness in the soybean oil market on the Chicago Board of Trade.
According to palm oil trader David Ng, the market was also down due to the expectation of higher output in the coming weeks in line with seasonally higher production period.
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