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.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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

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