KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to witness profit-taking activities this week after its recent strong performance.
Palm oil trader David Ng said a weaker exports outlook may also add pressure on prices.
‘’We locate the support at RM6,000 per tonne and resistance at RM6,700,’’ he told Bernama.
The CPO active month continued to hover at a one-month high last Friday and closed at its best weekly gains of the year.