CPO futures to trade lower next week on weaker exports

KUALA LUMPUR: The crude palm oil (CPO) futures on Bursa Malaysia Derivatives is expected to trade lower on the new benchmark month, April 2022, next week due to export weakness, dealers said.

Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the expected profit-taking and market talk of lower mid-January exports are likely to weigh down on CPO futures.