KUALA LUMPUR

Crude palm oil (CPO) futures prices are expected to trade lower in the range of between RM2,510 and RM2,570 next week, amid a cautious trading environment, said Interband Group of Companies Senior Palm Oil Trader, Jim Teh.

On a Friday-to-Wednesday basis, September 2017 rose RM91 to RM2,771 per tonne, October 2017 increased RM72 to RM2,767 per

tonne, November 2017 added RM56 to RM2,762 per tonne, while December 2017 was RM46 better at RM2,763 per tonne. Weekly turnover improved to 212,325 lots from 106,518 lots recorded last week, while open interest widened to 274,156 contracts from 249,441 contracts.

On the physical market, September South jumped RM70 to RM2,780 per tonne versus RM2,710 per tonne previously. – Bernama