Futures contracts of crude palm oil traded lower on the Bursa Malaysia Derivatives today due to expectation of higher production. Malaysian Palm Oil Board will release the latest data on production, inventory and exports next week. Strength in soy oil contracts on the CBOT, however, limited the losses in prices of palm oil. Prices of soy oil and palm oil move in tandem as the two are used to manufacture bio-diesel.
Source : Newswire
More will update soon!!
