# Koreksi CPO dipandang masih terbatas

> Crude palm oil futures for April delivery on Malaysia's exchange fell about 1% to 3,116 ringgit per tonne on January 25. Traders cited a stronger ringgit and expectations of higher output in 2017 as reasons for the dip.

- Date: 2017-01-25 · published 2017-01-25T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73074-koreksi-cpo-dipandang-masih-terbatas
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit makes palm oil dearer for foreign buyers and expected production recovery adds bearish pressure, pointing to softer palm prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bearish ▼

## Sources

- investasi.kontan.co.id: https://investasi.kontan.co.id/news/koreksi-cpo-dipandang-masih-terbatas

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.