CPO futures likely to experience technical correction next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely experience a technical correction next week to stabilise the market, said a dealer.

Interband Group of Companies senior palm oil trader Jim Teh said the futures contract would likely trade between RM2,500 and RM2,600 per tonne next week, as the COVID-19 outbreak is causing a supply disruption.