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CPO futures trading may recover slightly
calendar20-09-2022 | linkThe Star Online | Share This Post:

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.

 

https://www.thestar.com.my/business/business-news/2022/09/19/cpo-futures-trading-may-recover-slightly