CPO futures to trade at RM1,900-RM1,920 a tonne next week

A file photo of a worker collecting palm oil fruit at a factory in Sepang, on Feb 18, 2014. – Reuters

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound at between RM1,900 and RM1,920 a tonne next week, amid uncertainty in the global economy.

Interband Group of Companies senior trader Jim Teh said the market was expected to be challenging in the coming weeks with the fall in various commodity prices, including metals, indicating weaker demand and slower global growth.