KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week with prices ranging between RM1,900 and RM1,950 per tonne amid expectations of a stronger ringgit against the US dollar. Interband Group of Companies senior trader Jim Teh said lower CPO prices would probably attract buyers. "However, the ongoing trade tension between the United States and China is likely to affect demand for commodities,” he said. Teh said market players were monitoring the CPO stockpile and May production figures to be released by the Malaysian Palm Oil Board next week. On the physical market, June South eased to RM2,020 a tonne from RM2,030 a tonne last week.

Source: The Star June 09, 2019 05:03 UTC