CPO FUTURES END LOWER IN LINE WITH GLOBAL DOWNTREND (SCREEN)

ZUFAZLIN BAHARUDDIN

KUALA LUMPUR, March 19 -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower in line with the downtrend in the global futures markets.

Singapore-based Palm Oil Analytics’ owner and co-founder, Dr Sathia Varqa, said the forecast of lower March export data also added to the downward pressure on palm futures today.

“The cargo surveyor will publish the March 1-20 versus Feb 1-20 export data tomorrow and the expectation is for a 20 per cent drop from the previous month,” he told Bernama.