CPO futures to trade slightly bullish next week in anticipation of lower production

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly bullish bias next week, between RM3,700 and RM4,000, on low production expectations, a dealer said.

Palm oil trader David Ng said traders are anticipating seasonally lower output due to the monsoon season and worsening flood conditions at certain plantation areas which could help lift the prices higher.