CPO futures ended mix in a technical rebound trading day after yesterday’s sharp fall. Lately, FCPO prices had been tumbled since last Wednesday after it closed below 3500 level. On the back of few negative factors, higher local inventories, slow destination sales. Report said that ample supplies in China and Argentine's move to repeal a controversial export tax on soy. News that Indonesia reduces its export tax from 20% to 15% for the month of August had weighed on prices also.
Tuesday, July 22, 2008
Trader's Comment-FCPO ended mix
