Palm oil futures to remain sluggish

Palm oil trader David Ng said: "We locate support level at RM2,200 and resistance level at RM2,320.”

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain sluggish next week as weaker demand continues to weigh on prices.

Palm oil trader David Ng said, however, expectations of a lower stockpile in March is seen as supporting prices ahead of a key crop report due to be released next week.