CPO seen at RM3,400 to RM4,000
Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade with a downward bias this week, given the country’s large stockpile, says palm oil trader David Ng. He forecast CPO prices would trade between RM3,400 and RM4,000 per tonne. A Malaysian Palm Oil Board report on Tuesday revealed that CPO stocks…
