Palm oil prices extend upward momentum on output concerns


KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended yesterday’s gains to close higher today on lingering concerns over lower output over the coming weeks, said palm oil trader David Ng.

He said however, the high prices is stifling demand especially for price sensitive importers like India and China.

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Palm oil , CPO

   

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