Anticipation of higher stocks to weigh on CPO


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower this week given the expectation of higher stocks and muted demand.

The Malaysian Palm Oil Board supply and demand report is scheduled to be released today, which could determine market movements throughout the week, palm oil trader David Ng said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Unique Fire expects higher demand for fire safety
Shares rally on Nvidia earnings, Samsung strike suspension
Ringgit opens firmer against US$ on easing Middle East tensions
FBM KLCI starts higher after six days of losses
Singtel logs 12% rise in annual earnings helped by regional associates
Trading ideas: TM, Bumi Armada, Gamuda, Kerjaya, Exsim, Itmax, Bina Darulaman, Insas, Matrix, Meta Bright, Nestle, SkyeChip, Tune, SP Setia, Solarvest, MR DIY
SkyeChip to expand into AI silicon products
Matrix Concepts gives MVV TechValley a boost
April trade hits record RM337bil on strong E&E exports
S P Setia posts quarterly bottom line of RM31mil

Others Also Read