CPO futures may see profit-trading in quiet trading next week


KUALA LUMPUR, April 30 (Bernama): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see quiet trading next week ahead of the Labour Day and Hari Raya Aidilfitri holidays, said Jim Teh, senior palm oil trader of Interband Group of Companies.

He said the market might also see profit-taking activities after the long break with prices expected to hover between RM5,500 to RM6,500 a tonne.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
CPO , Weekly , Export , Jim Teh , David Ng , Sathia Varqa

Next In Aseanplus News

Asean news headlines as of 10pm on Tuesday (Dec 23)
Nearly five years’ jail for Singapore man who used different schemes to cheat 37 victims of over S$1.4mil
Bangladesh summons Indian envoy as protest erupts in New Delhi
Cambodia earns US$14.83bil from exports of garments, footwear in Jan-Nov
Philippine live births fall to around 1.36 million in 2024
Heavy congestion expected at Brunei's border during holiday period
Sabah MACC proposes governance improvements for state rural housing programme
Myanmar nationals caught with 10 drones in Bangkok: Police
Taiwan metro attack suspect's parents apologise after deadly stabbing
Christmas spirit lights up HCM City streets

Others Also Read