CPO futures expected to trade lower next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives are expected to trade lower on the back of high stockpile.

A dealer said the CPO futures are expected to remain on a downtrend after the Southern Peninsula Palm Oil Millers' Association (SPPOMA) data revealed that May 1-31 production was higher by 38 per cent compared with April 1-30 period.