CPO futures to see volatile trading next week, eyes on MPOB data

TheStar Sat, Apr 10, 2021 11:18am - 2 years View Original


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading next week, ahead of the release of production, stocks and exports data.

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said markets will closely monitor the Malaysian Palm Oil Board's (MPOB) data, which is due on Monday.

In addition, investors are also awaiting April 1-10 projections by cargo surveyors, which are likely to be released next week.

"Focus will be on March production. However, prices are likely to be firmer but volatile," he told Bernama, today.

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