Analyzing the Surge in Indian Vegetable Oil Imports: Global Dynamics, Price Spreads, and Seasonal Shifts mpoc.org.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mpoc.org.my Daily Mail and Mail on Sunday newspapers.
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, weighed by ongoing concerns over rising production and lower soybean oil prices, a dealer said. Palm oil trader David Ng said those factors continued to pressure the CPO market performance on Thursday.
Prices set to fall
Debra Matabvu
THE anticipated relaxation of the Level Four national lockdown restrictions will result in a stabilisation of prices of basic goods and services, on account of increased production by the manufacturing sector, which was being hampered by stringent operational conditions.
A festive season price rally witnessed the prices of some basic goods and services going up between December and January, prompting authorities to launch an investigation into the pricing turbulence.
Preliminary findings from the ongoing official inquiry show that increased demand over the festive season holiday, coupled with depressed production during the Level Four national lockdown, were behind the pricing madness.