CPO futures to trend lower on profit taking next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to retreat from this week’s gains, driven by profit taking due to higher prices, a dealer said.

Interband Group of Companies senior palm oil trader Jim Teh said prices would likely hover between RM3,350 and RM3,450 per tonne in the coming week.

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RM 12.33/month

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CPO , Weekly , Production , Palm oil exports , Jim Teh

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