CPO futures ease in anticipation of weaker exports

Fears of the Covid-19 Delta variant triggered fresh concern over weaker demand for palm oil moving forward.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives swung between positive and negative territory yesterday but ended lower on mounting concerns over weaker exports amid recently high prices which deter short-term demand.

Speaking to Bernama, palm oil trader David Ng said investors also adopted a wait-and-see approach ahead of August export data from the Malaysian Palm Oil Board due tomorrow.