KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to experience an upward trend in the coming week influenced by the prevailing positive sentiment due to the strengthened prices of crude oil and soybean oil.
Palm oil trader David Ng said the market is likely to encounter support at RM3,700, indicating a price point where the market might find stability or potential buying interest.
Already a subscriber? Log in
The Star 6.6 DEAL: 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
