CPO futures to trade on upside bias next week on expectation of weaker output

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upside bias next week in anticipation of weaker output.

Palm Oil Analytics (Fastmarkets) managing director Dr Sathia Varqa said market participants will be focused on the Malaysian Palm Oil Board November data which will come out on Tuesday next week to gauge the market direction.