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Palm Oil (CPO) News - Oil seed complex ended with weak sentiments this week tracking weakness in global markets.
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Oil seed complex ended with weak sentiments this week tracking weakness in global markets.

CBOT Soybean oil falls for the 7th straight day, 8.69% down in one week, 15.70% down from all-time high amid tumbling crude oil prices weighing on edible oil basket. This week WTI crude oil slumped by 9.21% to $109/barrels. ICE Canola too went down by 5.10% this week. Palm oil too went down by 9.52% this week, 13.99% in June amid palm oil export ban abrogation by Indonesia. Domestic oilseed complex too trading with weak sentiments tracking correction in global markets coupled with soymeal import.