CPO likely to trade above RM2,300 this week

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to trade above RM2,300 this week, the same like the previous week, said Interband Group Senior Palm Oil Trader, Jim Teh said.

“There are other oils in the world such as oilseed and soyabean and these subtitutes will be a key factor in determining our palm oil prices,” he told Bernama.