CPO futures likely to trend lower next week

KUALA LUMPUR: The crude palm oil (CPO) futures on Bursa Malaysia Derivatives are projected to trend lower next week as the weaker soybean oil market on the Chicago Board of Trade (CBOT) continues to dampen sentiment in the palm oil market, said a dealer.

Palm oil trader David Ng said the expectation of a rising stock level in the country would also contribute towards a weaker market sentiment.