Asian Crude Palm Oil Extends Losses Amid Fears Of Japan Quake

Crude palm oil futures on Malaysia’s derivatives exchange extended losses Friday mostly tracking crude and the Dalian soy complex, after a strong earthquake hit Japan, weighing on commodity demand. Concerns about inflationary pressures in China, with the CPI estimated to have risen 4.9% in February compared with a year earlier, also led to a bearish market sentiment, said market participants.