CPO ON A SPECTACULAR RISE REACHING 10 YEAR HIGH ON THE 1st DAY OF TRADING. CASH PRICES RISE SHARPLY | POA Close 4 Jan 2021

A spectacular start to CPO Futures trading closing at 10 years high at 3732 or up 132 points on the first day of trading, underpinned by rising exports and a slow rise in production resulting in shrinking year-end stocks, estimated at near 1.30 mil tons, a multi-year low. CPO Futures last close at above 3700 was in Feb 2011. As if to reinforce the low production outlook, SPPOMA declared Dec output down…

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