CPO futures forecast to trade with downside bias next week

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

Interband Group of Companies senior palm oil trader Jim Teh said CPO prices were forecast to hover between RM3,700 and RM4,000 per tonne on fears of a global recession.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Subscribe 
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

CPO , Outlook , David Ng , Jim Teh , Sathia Varqa , Production , SPPOMA

   

Report it to us.

Next In Business News
BNM provides regulatory flexibility for banks to issue ringgit-denominated sukuk
Bursa Malaysia reprimands, fines former executive director of Advance Information Marketing
Inta Bina gets RM199mil apartment job
NTTD Japan to acquire 58.73% stake in GHL Systems, extends RM1.08/share takeover offer
CCK enters into binding term sheet with Creador
Berjaya Mutual targets RM5bil AUM by 2026
Pesona Metro secures RM410.5mil M&E contract
Takaful Malaysia 1Q24 net profit rises to RM102.29mil
Ringgit rebounds to end firmer against US dollar
DC Healthcare optimistic about growth prospects

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.