Malaysia s July palm oil end stocks seen slightly higher on month: Platts survey
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Palm oil retreats on profit taking
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VEGOILS-Palm set for third weekly gain as weaker ringgit spurs buying | Hellenic Shipping News Worldwide
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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with upward bias next week, tracking the strong sentiment in the Chicago bean oil market as well as the prospect of better performance.
Palm oil trader David Ng said prices are expected to trade within a range as the market awaits key crop reports. We estimate the price to trade within a range of RM3,700 and RM3,900 per tonne,” he told Bernama.
Meanwhile, Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said CPO futures traded higher for the fourth successive day boosted by a lower than expected rise in June production but a solid gain in exports.