CPO futures likely to trade lower

The E solution

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on expected profit-taking.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the switch in the benchmark month from January 2022 to February 2022 would also weigh down on the CPO futures prices.