KUALA LUMPUR (Dec 8): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday following weakness in the overnight Chicago Board of Trade's (CBOT) soybean oil market and the Dalian Commodity Exchange during Asian trading hours. Mumbai-based Sunvin Group’s commodity research head Anilkumar Bagani said the market is now gearing up for Friday’s Malaysian Palm Oil Board (MPOB) November palm oil supply and demand monthly previews. “For palm oil, almost all the important supply and demand data is out now and the market is gearing up for Friday’s MPOB November palm oil supply and demand monthly previews. “The focus will be on end-November palm oil inventories, which will be guided by production and export numbers. Meanwhile, palm oil trader David Ng said the market ended lower on Wednesday in sync with the weaker soybean oil prices on CBOT.

Source: The Edge Markets December 09, 2021 04:58 UTC