CPO futures seen trending higher next week on expectation of stronger exports

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week on the expectation of higher palm oil export estimates by cargo surveyors, said a dealer.

"We expect next week's market to trade with an upward bias with the commodity’s price expected to trade between RM4,000 and RM4,600 per tonne due to the expectation of stronger exports,” palm oil trader David Ng told Bernama.