CPO FUTURES RECOUP EARLIER LOSSES TO END MIXED (SCREEN)

NIAM SEET WEI

KUALA LUMPUR, March 13 -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives has recouped earlier losses to finish the week on a mixed note.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said a slew of big money measures, such as US Federal Reserve and other central banks pumping liquidity into the financial system, the European Central Bank’s (ECB) stimulus package and a slash in reserve ratio requirement (RRR) from China offered a powerful mix of policy weapons to arrest the rout in the financial markets. 

"The rebound in European equities in early trade also helped the recovery in the CPO futures," he told Bernama.