KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to consolidate further next week with bouts of profit-taking, as the benchmark contract month moves between RM3,200 and RM3,300 per tonne.
Interband Group of Companies senior palm oil trader Jim Teh said this is because market prices have shown a significant uptrend since 2007.
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