CPO futures likely to trade higher next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week on expectation of higher equity and commodity prices supported by the US stimulus package bill worth about US$2 trillion.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said Asian equities ended broadly higher on Friday due to the US stimulus package proposed by the Democrats on Thursday.

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