KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in a cautious tone next week, at between RM3,300 per tonne and RM3,500 per tonne, amid concerns over gloomy global economic prospects.
Interband Group of Companies senior palm oil trader Jim Teh said some traders in the physical market might be pulling out from the market on persistent global uncertainties, including the fresh lockdowns in some cities in China to curb the spread of COVID-19.
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