CPO futures likely to trade with upward bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week given expectations of a weaker output due to seasonal factors, said palm oil trader David Ng. He said the continued strength in external markets for soybean oil and crude oil is expected to...

CPO futures to trade on a slightly upward bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias on the back of a strong export performance. In July, palm oil exports rose by 15.6 per cent to 1.35 million tonnes from 1.17 million tonnes previously, while preliminary data by Intertek Testing Services...