CPO futures expected to trend lower on profit-taking next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities, said Interband Group of Companies senior palm oil trader Jim Teh.

He said the increasing stockpiles in producing countries Indonesia and Malaysia were expected to weigh on market sentiment.

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Palm oil , CPO , Weekly , David Ng , Jim Teh , Sathia Varqa , SPPOMA

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