Interband Group of Companies senior palm oil trader Jim Teh said higher stocks in Malaysia and Indonesia, which together stood at more than six million tonnes, coupled with production season in the domestic market would put pressure on prices.
PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to experience technical correction this week with high supply in the market weighing on prices.
Interband Group of Companies senior palm oil trader Jim Teh said higher stocks in Malaysia and Indonesia, which together stood at more than six million tonnes, coupled with production season in the domestic market would put pressure on prices.
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