KUALA LUMPUR (Nov 9): Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Tuesday (Nov 9), tracking the weakness in the Chicago Board of Trade (CBOT) soybean oil market.
Singapore-based Palm Oil Analytics’ owner and co-founder Sathia Varqa said sentiment was weighed down by the expectation of flat production, ahead of the Malaysia Palm Oil Board (MPOB) data due on Wednesday (Nov 10).
Malaysia has expressed interest to invest in palm oil-centric industries in Bangladesh to diversify exports. This will indirectly and directly provide employment opportunities to many people and expand diversified businesses.