MARKET DEVELOPMENT
CPO futures trading may recover slightly
CPO futures trading may recover slightly
19/09/2022 (The Star Online) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives may see some trading recovery this week amid the current attractive price levels.
However, Singapore-based Palm Oil Analytics’ owner and co-founder Sathia Varqa said the recovery may not be sustainable as investors are awaiting the Sept 1-Sept 20 production numbers to be released during the week.
‘’Better Sept 1-Sept 20 production figures will trigger selling pressure,’’ he told Bernama, adding that bullish exports expectation for the month does not appear to be enough to fuel interest.