KUALA LUMPUR, Jan 13 — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended the week lower today, weighed by the stronger ringgit and lack of fresh...
KUALA LUMPUR, Jan 13 — The crude palm oil futures contract on Bursa Malaysia Derivatives ended the week lower today, weighed by the stronger ringgit and lack of fresh demand, a dealer said.
Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said CPO futures were trending lower on the continuation of bearish momentum, tracking lower soybean oil futures overnight on the Chicago Board of Trade . At the close, the January 2023 contract was unchanged at RM3,820 per tonne, February 2023 eased by RM64 to RM3,833 per tonne and March 2023 decreased by RM70 to RM3,841 per tonne.
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