KLCE CPO Palm Oil Closes After a Sharp Rally
09-Mar-2026 10:36 AM
KLCE CPO Palm Oil Closes After a Sharp Rally
★ Due to the war situation in West Asia, prices of crude oil and CNG have increased, and its impact is now being seen in the agricultural futures markets.
★ A strong rally was observed today in KLCE and E-CBOT.
★ Today, the KLCE April contract opened at 4661 and by the time of the mid-day closing it reached 4644. During the session it also touched 4669.
★ Other monthly contracts also witnessed an upward trend.
★ As mentioned earlier in the report, as the war situation intensifies, commodity prices are also likely to rise.
★ Taking advantage of this situation, traders should continue profit-booking from time to time. Those who bought stocks at lower prices should avoid excessive greed and sell their stocks periodically.