CPO Futures Close Lower, Tracking Losses In Soybean Oil Prices
By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Dec 12 (Bernama) -- The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower on Friday, tracking weakness in soybean oil prices, said palm oil trader David Ng.
He said a stronger ringgit against the US dollar also dampened sentiment, which may curb additional demand for palm oil.
“We see support above RM3,950 and resistance at RM4,150,” he told Bernama.
At the close, the December 2025 contract decreased by RM30 to RM3,980 per tonne, January 2026 lost RM43 to RM4,003 and the February 2026 contract slid RM45 to RM4,018.
The March 2026 contract eased RM46 to RM4,028 per tonne, April 2026 contract shed RM48 to RM4,035, and May 2026 contract declined RM49 to RM4,034.
Total volume dropped to 90,282 lots from 99,894 lots yesterday, while open interest fell to 263,277 contracts from 267,153 contracts previously.
The physical CPO price for December South slipped RM30 to RM4,030 per tonne.
-- BERNAMA