CPO futures to see quiet trading next week due to CNY festival


KUALA LUMPUR, Feb 13 (Bernama): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week due to the Chinese Lunar New Year celebration, with prices projected to hover between RM3,400 and RM3,500 per tonne.

Interband Group of Companies senior palm oil trader Jim Teh said investors would more likely start trading on Feb 17, taking a long holiday weekend, although the market resumes trading on Monday, Feb 15.

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