KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week, ranging between RM2,350 and RM2,500 per tonne, on better market outlook amid lower stockpiles.
Independent trader David Ng said the positive trade data for June 2020 released by the Malaysian Palm Oil Board (MPOB), coupled with the anticipation of better figures for the first 10 days of July, would boost demand for the golden fruit next week.
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