CPO Futures End Mixed Amid Export Concerns
KUALA LUMPUR, The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended mixed on Tuesday, following the downward trend observed in the Chicago Board of Trade (CBOT) soybean oil market, said palm oil trader David Ng. He told Bernama that there are additionally growing concerns about the slow pace of exports, which contributed to the lower CPO futures. “Currently, we observe that the support level for CPO is at RM3,650 a tonne, while the resistance level is at RM3,880 a tonne,” he said. Meanwhile, cargo surveyor Intertek Testing Services said the export volume of Malaysia’s palm oil products