CPO futures to trade in narrow range next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see range-bound trading next week with the benchmark contract month moving between RM2,500 and RM2,600 per tonne, industry analysts said.

Interband Group of Companies senior palm oil trader Jim Teh also expected a mild technical correction next week as the prices were on the uptrend over the last three weeks.

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