CPO to continue upward trend

For the week just ended, Malaysian CPO futures ended lower on Monday but stayed higher for the rest of the week with traders’ decision continued to be driven by the export and production data.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to continue its upward momentum this week on higher export and weaker production expectations.

Palm oil trader David Ng said anticipation of a weaker than expected output despite a peak production period is causing anxiety among market participants while higher demand from India and China owing to restocking activities would continue to boost exports.