Crude Palm Oil Prices Consolidate Near Support

Crude palm oil prices are consolidating near support levels after tumbling over the past month. Better that expected US January soybean crush data, was offset by disappointed export estimates released by cargo surveyor SGS which showed palm-oil exports were down 3.6% for the first 15 days of February.

Prices continue to hold support levels near the Bollinger band low which is 2-standard deviations below the…