CPO futures likely to see profit-taking activities next week

DO NOT RE-USE, STRICTLY FOR PALM PORTRAITS PHOTOGRAPHY CONTEST. Image provided by the Malaysian Palm Oil Council. Bountiful Harvest, Nature’s Pride: A bountiful harvest of oil palm fruits, nature’s pride. Photo by Chow Kok Cheng

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

Interband Group of Companies senior palm oil trader Jim Teh said the price movement next week is expected to confine between RM3,200 and RM3,700 per tonne.