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Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives trended higher in a technical correction for most of last week and closed higher after a very late upward rally sparked off by a strong wave of buying that triggered buy-stops and made fresh four-week highs.
CRUDE palm oil futures prices at the Bursa Malaysia Derivatives inched higher in lacklustre trading last week and closed on Friday with small gains. Bullish performances in the Chicago Board of Trade (CBOT) soyoil futures prices failed the provide the much needed lift as traders were more concerned with the expected slowdown in exports and preferred to sit back for clearer direction.