CPO futures to stay high next week


KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain above RM3,000 per tonne in the upcoming shortened trading week, following improvement in exports and concerns on tight supply.

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the market will wrap up the year assessing the lower December output.

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