9 May, 2011
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to remain rangebound next week due to volatile conditions in the global economy, dealers said.
They said demand for vegetable oil would be affected following the tightening of monetary policy by authorities around the world to help curb inflation that has sparked market concern.
Meanwhile, players are also adopting a wait-and-see approach ahead of the release of production, exports and stocks data by the Malaysian Palm Oil Board on Tuesday.
Other stock data on the same day are from two cargo surveyors, Intertek Testing Services and Societe General de Surveillance. Read the rest of this entry »