CPO futures seen to continue trading with downside bias next week


KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade with a downward bias next week due to the expectation of higher stocks in the country as well as weaker demand, said palm oil trader David Ng.

He forecast CPO prices would trade between RM3,800 and RM4,250 per tonne.

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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.

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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 , Palm oil , MPOA , David Ng , Anilkumar Bagani

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