CPO futures edge higher despite cautious market tone | Malay Mail

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Indonesia Berita Berita

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KUALA LUMPUR, Dec 19 — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives inched higher despite a cautious market tone. Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the market is on a wait-and-see approach as investors are awaiting the December...

A worker collects palm oil fruit after being harvested at a plantation in Kampung Bukit Hijau, Kuala Selangor March 14, 2018. — Picture by Mukhriz Hazim

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the market is on a wait-and-see approach as investors are awaiting the December 1-20 export data, due out tomorrow.He said the export data are due to be released by cargo surveyors tomorrow. For the whole month of December, Palm Oil Analytics expected export to drop eight to 12 per cent, Sathia said.

 

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