CPO likely to trade on downward bias

Priced commodity: The CPO is likely to trade between RM3,900 and RM4,200 per tonne this week.

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade on a downward bias this week after recording strong trading in the week just ended, palm oil trader David Ng says.

He said the recent strength in prices might encourage profit-taking activities.