CPO futures likely to trend higher next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week boosted by stronger soybean oil prices.

"Local CPO is expected to trade within the range of RM3,600 and resistance at RM3,850 next week," palm oil trader David Ng told Bernama.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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 oil , MPOA , Palm Oil Analytics

   

Next In Business News

Ge-Shen Corp appoints new CEO
Bursa Malaysia ends higher in line with most regional markets
Taghill announces key management redesignations
Subang Airport records 25% rise in international passenger traffic in August
Mycron Steel inks MoU with Japan's JFE Steel to drive green steel solutions in Malaysia
Business export programme generates RM74mil in export sales - SME Bank
Northport achieves new breakbulk record with 52,480 FWTs of steel cargo
Tan Sri Wan Zulkiflee steps down from Malaysia Aviation Group chairmanship
Gold prices near record, set for weekly gains on Fed rate-cut boost
Asian shares extend rally, yen edges higher as BOJ holds steady

Others Also Read