CPO futures end lower on weaker soybean oil price

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended yesterday’s losses to end lower today, following weakness in the Chicago Board of Trade soybean oil futures, said a dealer.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said weakness in the Dalian Commodity Exchange refined, bleached, and deodorised palm olein futures during Asia’s trading hours also continued to push prices down.