Sunday, June 13, 2010

Palm futures seen continuing downtrend

Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to continue its downtrend next week on lack of market-moving news, dealers said. They said the eurozone debt crisis was also likely to dampen the market performance. OSK Research said the near-term outlook for palm futures market was bearish despite the release of some friendly palm oil supply/demand data by Malaysian ...
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