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Telegram采集:CPO futures trading may recover slightly

Telegram采集:CPO futures trading may recover slightly

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Plantation companies’ earnings are expected to be lower in 2024 as there are expectations of an oversupply situation which will push down crude oil prices (CPO).

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives may see some trading recovery this week amid the current attractive price levels.

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However, Singapore-based Palm Oil Analytics’ owner and co-founder Sathia Varqa said the recovery may not be sustainable as investors are awaiting the Sept 1-Sept 20 production numbers to be released during the week.

‘’Better Sept 1-Sept 20 production figures will trigger selling pressure,’’ he told Bernama, adding that bullish exports expectation for the month does not appear to be enough to fuel interest.


转载说明:本文转载自Sunbet。
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