CPO futures likely to trade cautiously next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in a cautious mode next week due to the resurgence in COVID-19 cases across the globe, a dealer said.

He said the pandemic is likely to have further impact on the utilisation of the palm oil production especially in Sabah due to the rising number of cases, amid the permission by the state government to allow several plantations to operate throughout the Conditional Movement Control Order (CMCO).