CPO futures on cautious tone next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to be on cautious trading next week as Indonesia plans to lift its export ban on palm oil from May 23, said a dealer.

Palm oil trader David Ng said he expected prices next week to trade between RM5,900 a tonne and RM6,600 a tonne as robust exports continue to support prices going forward.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

CPO , Palm oil , Indonesia , David Ng , Sathia Varqa

   

Next In Business News

Affin raises its reference rates by 25 basis points
Boustead teams up with GEC to establish Turkiye's first Islamic digital bank
Naza TTDI plans six new projects with RM3bil GDV by 2025
SMTrack gets project management consultant job
Bursa, subsidiaries to close for Eid Al-Adha
Perodua expects to exceed 2022 sales target
RHB increases BR, BLR/BFR by 25 basis points
Ringgit lower against US dollar for the third consecutive day
HeiTech Padu bags contracts worth RM43.8mil
Audit: No systemic forced labour at V.S. Industry

Others Also Read