KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week underpinned by improving exports and weaker output.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said CPO futures still have legs to climb higher as traders anticipated that heavy rains in Kalimantan, Indonesia would disrupt harvest and this would likely drive prices higher.
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