CPO futures likely to trade lower
November 13th, 2021
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on expected profit-taking. An industry expert said the switch in the benchmark month from January 2022 to February 2022 would also weigh down on the CPO futures prices. benchmark month will switch on Tuesday next week, and currently, it is trading at RM200 lower than January 2022 which may weigh down on overall prices.
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