CPO futures close mostly lower on profit-taking

Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the CPO futures succumbed to profit-taking amid news that Russia had withdrawn its troops thus reducing the geopolitical tension. (File pic shows a palm oil factory in Malaysia)

PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower on profit-taking after hitting an all-time high yesterday.

Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the CPO futures succumbed to profit-taking amid news that Russia had withdrawn its troops thus reducing the geopolitical tension.