CPO futures to see range-bound trading next week

KUALA LUMPUR, Aug 1 (Bernama): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week at between RM2,650 and RM2,750 per tonne, said a dealer.

Palm oil trader David Ng said the market would likely remain quiet due to lack of fresh leads as well as higher CPO futures prices which could hamper the demand.