CPO futures likely to see profit-taking next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to see profit-taking next week, with prices expected to move between RM3,400 and RM3,500 per tonne.

Interband group of companies senior palm oil trader Jim Teh said the market is also expected to be quieter in the coming week as many local and international traders will be on long holiday for Christmas and year-end break.