KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound at between RM2,200 and RM2,300 a tonne next week, on the upside bias.
Palm oil trader David Ng said expectations of stronger export numbers for August, boosted by shipments to India and China coupled with the weaker ringgit, would continue to lend support for the commodity.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!