KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to maintain their upward trajectory next week due to the robust and persistent demand for palm oil, particularly from China.
Mumbai-based Sunvin Group commodity research head Anilkumar Bagani noted that China has made substantial purchases of refined bleached deodorized (RBD) palm olein, with around 48,000 tonnes bought for October at a price range of US$899-900 per tonne.
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