CPO futures to trade at RM2,200-RM2,300 a tonne next week


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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

CPO , palm

   

Next In Business News

No one escapes closing costs
AI revolution in property industry
Simplifying pre-approved home loans
Ringgit likely to trade higher next week
GREEN GROWTH PLAN
99 Speed Mart 3Q numbers driven by outlet expansion
Short-term pain, long-term gain
Tailwinds in private aircraft servicing
5G saga transmits mixed signals
BiiB makes big strides in running

Others Also Read