CPO futures likely to be higher next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to move higher next week, underpinned by the improving export data.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said this was based on the Southern Peninsula Palm Oil Millers' Association's (SPPOMA) data, which showed the Sept 1-10 production growth of 7.81 per cent was a slower rise than Sept 1-5's 14.18 per cent.