KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week, in sync with increased export data, a projected stronger Dalian Commodity Exchange performance, recovery in equity markets, and sustained gains in Brent crude oil price.
Palm oil trader David Ng said demand would come from major buyers like India and China, amidst imposition of Malaysia’s zero tax charges.
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