CPO futures to trend higher, boost from exports

The E solution

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week as expectations of gains from exports will sustain the positive sentiment in the market.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the CPO prices could see a rebound after the sharp fall from external factors recently as the March 1-20 export data are expected to be rise by 5 to 7 per cent.