CPO FUTURES FACE HEAVY SELL-OFF AS RISING SUPPLY AND DWINDLING EXPORTS GRIP FUNDAMENTALS | Copy of headline news 3

CPO futures extended its fall for the second day plunging to a three-month low on intraday trade, eventually closing at a two-month low giving up nearly 100 points from the last two days’ trade on the most active Jul contract.

Weak export demand against the backdrop of rising production kept the market under heavy sell-off pressure throughout the day. This was…