Crude palm oil futures on Malaysia's derivative exchange ended up by 5 ringgit, prices cannot sustain earlier gain due to slight decease demand in cash market and long liquidation. The December contract on Bursa Malaysia ended up 5 ringgit at 2,042 ringgit/tons after reach high at 2,057 ringgit.
Related News :
Palm Oil to Top Forecast on Supplies, DBSVickers Says (Update1) ; long term palm oil price will up due to stockpile decline , weak dollar support and demand increase that will limited downward of palm oil prices.
Palm Oil Gains on Optimism Stockpiles Reduced After Festivities ; palm oil prices supported from reported decline in stockpile but i think it is an short term speculation.
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