KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to experience profit-taking next week following a rally in prices for the commodity in the past two weeks, said a dealer.
Interband Group of Companies senior trader Jim Teh said industry players would also be awaiting the release of trade statistics from the Malaysian Palm Palm Oil Board (MPOB) for July, expected on Tuesday, to get a clearer picture of the next direction for the market. "For the futures market (papers trading), they will be hoping that prices will go up on speculative play.
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