CPO
Americanabbreviation
Example Sentences
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CPO prices are likely to be capped by a stronger ringgit, the postponement of Indonesia’s B50 biodesel mandate and higher Malaysian stock levels, IOI Corp.
However, the company said CPO prices could remain above MTR4,000 a ton over the next three months, and that soybean oil’s premium over palm oil could support demand.
Technical analysis suggests CPO futures sentiment remains bullish and is likely to stay on an upward momentum, it says, adding that any pullback may present a buying opportunity to build long positions.
CPO prices are expected to hover at around 4,050 ringgit to 4,150 ringgit a ton in the near term as the festive season is expected to support demand in February, Aquidah adds.
Compared with AECs, the CPO approach consumes less power because the copper cables are not as necessary.
From MarketWatch
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