CPO futures likely to trade lower on profit-taking next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on profit-taking as market players await the outcome of the international palm oil conference.

Interband group of companies senior palm oil trader Jim Teh said investors and traders will look forward to getting clues and cues from experts on their opinions for the palm oil prices and the market outlook.