The Palm Scribe

Pressure on CPO price temporarily eased

Kontan Harian, 5 January 2019

The benchmark crude palm oil (CPO) contract for March 2019 delivery on the Malaysia Derivatives Exchange was up to 2,175 ringgit per metric ton on January 4. Monex Investindo Futures analyst Faisyal argued that the CPO price was weakening last year due to the US-China trade war. He said on Friday (January 4) that the CPO price might experience another pressure in 2019; however, it also might strengthen slightly.

Share This