CPO futures likely to trade on a slightly upward bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias next week given the recent weakness in prices which may prompt bargain-buying activities, said palm oil trader David Ng.

He said Malaysian palm oil export data (November) are expected to be released by cargo surveyors and would be one of the focuses next week.