# CPO prices to trade within narrow band next week | The Star

> Analyst Sathia Varqa expects CPO futures to test RM2,800 per tonne before pulling back, after the August contract rose RM285 to RM2,890 in the week to July 24, the highest since February. Palm has become less competitive against soybean oil, which trades about US$70 above it. Trading volume on Bursa Malaysia hit a record.

- Date: 2020-07-25 · published 2020-07-25T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52201-cpo-prices-to-trade-within-narrow-band-next-week-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm's premium to soyoil and crude-linked trading suggest near-term price support is fragile, which affects vegetable oil and feed fat costs.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2020/07/25/cpo-prices-to-trade-within-narrow-band-next-week

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.