Wednesday 24 October 2018

Crude Palm Oil Traded In Range Tracking Declines In Global Markets

CPO trading range for the day is 582.7-592.7.

Crude palm oil traded in range tracking declines in global markets and on expectations of rising October production.

Palm oil production is forecast to rise in the last quarter of the year in line with seasonal trend, before tapering off early next year.

Malaysia's palm oil inventories had edged up in September to their highest in eight months as production levels came in higher than exports.

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