CPO futures likely to trade with upward bias next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week given expectations of a weaker output due to seasonal factors, said palm oil trader David Ng.

He said the continued strength in external markets for soybean oil and crude oil is expected to boost market sentiment in the near term.

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Crude palm oil , CPO , David Ng , Jim Teh

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