Malaysian crude palm oil (CPO) futures recorded their biggest drop for more than two years on December 4 before rebounding by the end of the week, and analysts predict such volatility will become a hallmark of the market, driving greater hedging activity.
The benchmark contract initially fell 4.1% on the back of news that the crude oil producers' cartel Opec would not cut supply in order to boost oil prices – a significant one-day shift in the context of commodity trading. The price of palm oil
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