KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade sideways with bearish bias this week in view of the Chinese New Year holidays, with both China and Malaysia markets closed for the celebration.
Proprietary trader David Ng of Iceberg X Sdn Bhd said the market is likely to be in a bearish bias amid persistently high stock levels and weak demand in recent weeks.
He said there is likely to be subdued buying interest from key importing countries. — Bernama
