CPO futures expected to trade at RM6,100-RM6,700 a tonne next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound at between RM6,100 and RM6,700 a tonne with a downside bias ahead of a key crop report set for release next week.

Palm oil trader David Ng said expectations of higher inventories and concerns over rising output in the coming weeks would continue to lend support for the commodity.