CPO futures expected to trade upwards between RM3,300 and RM3,700 next week

KUALA LUMPUR: Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives market are expected to trade with an upward bias of between RM3,300 and RM3,700, according to a trader.

Palm oil trader David Ng said Malaysia’s palm oil export activities are expected to be on the upside as China increases its purchase of palm oil next week.