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CPO Futures End Lower, Tracking Softer Soybean Oil Market
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CPO Futures End Lower, Tracking Softer Soybean Oil Market
KUALA LUMPUR, May 6 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Wednesday, tracking softer soybean oil prices on Chicago Board of Trade (CBOT) on Tuesday, a trader said. Palm oil and soybean prices always move in tandem as both commodities compete for the same market. Meanwhile, Iceberg X Sdn Bhd proprietary trader David Ng said the market continued to trade cautiously amid uncertainties surrounding the…
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