KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to move higher next week, underpinned by the improving export data.
Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said this was based on the cargo surveyor Intertek Testing Services data, which showed Malaysia's exports for the May 1-10 period up by 29.63 per cent to 447,225 tonnes from 345,010 tonnes in the same period in April 2021.
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