CPO futures to trade at current levels with upside bias next week

[ KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade at current levels with an upside bias next week. Palm oil trader David Ng said the low stock level as well as the weaker-than-expected production pace could support the strong sentiment. “Therefore, we expect the price to … Read more

CPO futures likely to trade lower on profit-taking next week

[ KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on profit-taking as market players await the outcome of the international palm oil conference. Interband group of companies senior palm oil trader Jim Teh said investors and traders will look forward to getting clues … Read more

CPO futures to trade with upward bias next week on weak output

[ KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade with an upward bias next week due to weak output, which may lower the overall stock level in the country. Palm oil trader David Ng expects the futures prices to trade between RM3,750 and RM3,900 per tonne. … Read more

CPO futures to trade on upside bias next week on expectation of weaker output

[ KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upside bias next week in anticipation of weaker output. Palm Oil Analytics (Fastmarkets) managing director Dr Sathia Varqa said market participants will be focused on the Malaysian Palm Oil Board November data which will come … Read more