CPO futures expected to trade with upward bias next week


KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upward bias in view of stronger demand from India and China, said palm oil trader David Ng.

He said the market next week is likely to see higher demand from India and China for palm oil due to seasonal demand.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Palm oil , CPO , David Ng , Jim Teh

   

Next In Business News

Wall St set to kick off week higher; U.S. inflation in focus
Opcom auditor resigns after audit fee disagreement
Ringgit closes easier against US dollar as greenback gathers strength
Maxis appoints MR DIY CEO Adrian Ong as director
Optimax secures license to offer plastic surgery and aesthetic services
TCS wins RM10.7mil construction contract
EVE Energy builds new US$422mil manufacturing facility in Kulim, kedah
UMW Toyota July sales jump 25.8% to 8,349 units
KLCI ends flat on cautious investor sentiment
Maybank2u and MAE apps currently down; credit and debit card use also unavailable (Updated: Services back to normal)

Others Also Read