CPO Futures Expected To Trade Higher Next Week Amid Weak Production KUALA LUMPUR, Feb 28 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade higher next week due to expected weak production. Iceberg X Sdn Bhd proprietary trader David Ng said CPO typically registers weaker production in February due to festivities like the Lunar New Year and a shorter working month, with lower harvesting and transportation activities. “We expect prices to trade between RM4,000 and RM4,130 per tonne next week,” he told Bernama. Malaysia’s palm oil production for the Feb 1-20 period is expected to decline by 12.29 per cent by the Malaysian Palm Oil […]

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