CPO futures likely to trade within tight range next week


Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.

KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade within a tight range of between RM1,900 and RM1,920 a tonne next week on trade war strain, said a dealer.

Interband Group of Companies senior trader Jim Teh said the world market is in a state of instability as the trade war between the US and China is also affecting the commodity market.

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CPO , palm oil

   

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