CPO futures seen trading with upward bias

The CPO futures contract will likely trade between RM4,300 and RM4,480 per tonne

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade with upward bias this week on concerns over slowing output during the peak season, said palm oil trader David Ng.

He said the weaker than expected output amid the peak production period has caused anxiety among market participants, while higher demand from India and China due to restocking activities would continue to boost exports.