KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see range-bound trading next week, prompted by speculative play, said Interband Group of Companies Senior Palm Oil Trader, Jim Teh.
He said prices would likely move between RM2,050 and RM2,140 per tonne, which might be attractive to top buyers such as China, India and Pakistan.
"The decline in the Malaysian stockpile and expectations of higher demand for palm oil, is also expected to support the price,” he told Bernama.
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