KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to retreat from this week’s gains, driven by profit-taking due to higher prices, a dealer said. CPO futures accelerated to close at an all-time high yesterday, setting fresh record prices for the third time this week. The benchmark palm oil contract for December 2021 soared RM117 to RM4,966 a tonne. For the week just ended, Malaysian CPO futures finished mostly higher, driven by concerns over weak production and expectation of strong demand in the upcoming weeks. - BernamaArticle type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

Source: The Star October 09, 2021 03:33 UTC