KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to move higher next week, underpinned by the improving export data. Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said this was based on the cargo surveyor Intertek Testing Services data, which showed Malaysia's exports for the May 1-10 period up by 29.63 per cent to 447,225 tonnes from 345,010 tonnes in the same period in April 2021. Similarly, cargo surveyor Amspec Malaysia stated that exports in the May 1-10 period rose 36.85 per cent to 469,875 tonnes from 343,356 tonnes in April 2021. "Trading next week will be based on May 1-15 Malaysia export data which is expected to be higher but at a slower pace than May 1-10 data,” he told Bernama.