Cautious trading seen for palm oil next week on worries over rising stockpile

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,165 ringgit a tonne at the end of the trading day, its sharpest daily decline in a week. Trading volumes stood at 38,540 lots of 25 tonnes each at the close of trade.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see cautious trading next week as market players continue to worry over the alarming rise in stockpile.

A trader said the traders were awaiting further clarity from the November stock data to be released on Monday.