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Palm oil trader David Ng expects Bursa Malaysia CPO futures to trade lower next week amid a global commodity sell-off, citing US tariffs and weaker soyoil. Friday-to-Friday, most contract months fell by RM60 to RM91 per tonne.
Weaker US demand plus seasonally soft India and China buying point to continued downside pressure on palm oil prices.
malaysianewsgazette.comApr 5, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Trader commentary on a global commodity sell-off from US tariffs and weaker soyoil, with Friday-to-Friday palm contract declines, aligns with the weak finish to the week.
Trader expectation of lower CPO futures amid a global commodity selloff and weaker soyoil reinforced bearish sentiment going into the week.
