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 likely to trade with upward bias next week

[ KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week given expectations of a weaker output due to seasonal factors, said palm oil trader David Ng. He said the continued strength in external markets for soybean oil and crude oil is … Read more