CPO futures likely to see profit-taking next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week on profit-taking after prices rallied to above RM5,600 a tonne, Interband Group of Companies senior palm oil trader Jim Teh said.

He said most of the traders who are celebrating the Chinese New Year will be on a long weekend holidays.

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CPO , Weekly , Palm oil , Jim Teh , David Ng , Indonesia

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