CPO futures likely to see profit-taking next week


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week on profit-taking after prices rallied to above RM5,600 a tonne, Interband Group of Companies senior palm oil trader Jim Teh said.

He said most of the traders who are celebrating the Chinese New Year will be on a long weekend holidays.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

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 , Weekly , Palm oil , Jim Teh , David Ng , Indonesia

   

Next In Business News

Boeing to lay off over 2,500 workers in US as part of sweeping cuts
Ringgit rises on US dollar correction
Bursa Malaysia moves sideways in anticipation of corporate results
Trading ideas: UEM Sunrise, JPG, AWC, Mercury Industries, Trive, EATech, Sapura Energy, Nestcon, IM, MMAG, Manulif, Berjaya, REDtone, CelcomDigi
Oil prices rise nearly 3% on Sverdrup outage, Ukraine war escalation
Nasdaq, S&P close higher as investors await Nvidia earnings
China’s surplus crude oil eased in October, but this is still bearish
Australia to safeguard cash payments
Methane from tropical wetlands surges, threatening climate plans
Trump’s scoreboard is Wall Street’s best hope

Others Also Read