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Crude palm oil: An increase expected this week

17/08/2022
Categories: Raw materials

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A dealer said this week that the crude palm oil (CPO) futures contract on Boursa Malaysia Derivatives must increase due to expectations of higher estimates of palm oil exports by cargo inspectors. “We expect the market to trade with an upward bias, with the product price expected to trade between RM4,000 and 4,600 per ton due to the expectation of stronger exports,” said palm oil trader David Ng.

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