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A trader said the crude palm oil futures market is expected to see volatile "yo-yo" trading this week, as year-end holidays reduce participation from international traders.
Jim Teh, senior palm oil trader at Interband Group of Companies, noted that most global market participants typically take their annual leave in December, leading to thinner liquidity and wider price swings.
He told Bernama: "The yo-yo market provides a good opportunity for physical buyers in the spot market, especially given the currently high stock levels."
He added that Malaysia's November palm oil stock data, due to be released by the Malaysian Palm Oil Board on 10 December, will be closely watched by the market.
Palm oil trader David Ng meanwhile expects the crude palm oil market to trade with an upward bias, citing recent strength in the soybean oil market and expectations of lower output in the coming weeks.
Ng said: "We expect prices to range between 4,080 ringgit and 4,250 ringgit per tonne next week."
Trading on Bursa Malaysia Derivatives was halted last Friday due to a glitch in the Globex system.
Contract performance from last Thursday to Friday:
Weekly trading volume fell to 293,576 lots compared with 319,379 lots the previous week, while open interest dropped to 262,698 contracts from 282,153 previously.
The price of physical crude palm oil for December southern-region delivery rose by 50 ringgit to reach 4,150 ringgit per tonne.
Source: Bernama