CPO futures likely to trend lower next week on expectations of higher output

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend lower next week on anticipation of higher production.

"Local CPO is expected to trade within the range of RM3,600 to RM3,800 next week with a downward bias, as rising production anticipation continues to weigh on the prices,” palm oil trader David Ng told Bernama.