CPO futures expected to trade rangebound next week

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade rangebound next week ahead of the release of key crop report by the Malaysian Palm Oil Board next week, a dealer said.

Palm oil trader David Ng said CPO prices next week are expected to trade between RM3,650 and RM3,820 per tonne.