KUALA LUMPUR: High crude palm oil (CPO) stock levels have made prices volatile, with fears of the sharp price correction in commodities like wheat could trigger contract washouts and further exacerbate the price downtrend.
The benchmark CPO futures contract (FCPO) hit limit down or RM439 lower to a one-year low of RM3,735 a tonne in early trade yesterday on Bursa Malaysia Derivatives before late buying saw the contract recover to close RM117 lower at RM4,057.
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