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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend downward next week on profit-taking activities.
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, weighed by ongoing concerns over rising production and lower soybean oil prices, a dealer said. Palm oil trader David Ng said those factors continued to pressure the CPO market performance on Thursday.