Quiet trading seen for CPO futures next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see quiet trading next week, with prices trending at the current level of between RM2,270 and RM2,340 per tonne, said Interband Group of Companies senior palm oil trader Jim Teh.

He said market players continued to worry in anticipation of a rise in production amid not-so-encouraging demand following the COVID-19 pandemic, as many countries were implementing a national lockdown.

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Palm oil , CPO , COVID-19 , Soybean oil , Interband Group

   

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