LATEST NEWS   MIC confirms contesting four seats in Johor polls, seats in Negeri Sembilan still under discussion - MIC VP | Former IKRAM member charged with 158 counts of using position to obtain bribes amounting to RM98.27 million | The transfer of TERAJU to the Prime Minister's Department opens up vast opportunities for the agency to realise the PuTERA35 agenda - Akmal Nasrullah | ECRL fares going viral are just speculation, actual rates have not been finalised - MRL | Elsa Bhd debuts at 25 sen on the ACE Market of Bursa Malaysia, a two-sen premium to its 23-sen IPO price, with 11.08 mln shares traded | 
MARKET • 07/05/2026 09:51 PM

CPO Futures End Lower, Tracking Softer Soybean And Crude Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, May 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Thursday, tracking softer crude oil and soybean oil prices on Chicago Board of Trade (CBOT), a trader said.

At the time of writing, the Brent crude oil price has fallen 3.34 per cent to US$97.54 per barrel.

Ad Banner
Ad Banner

Iceberg X Sdn Bhd proprietary trader David Ng said news of a potential ceasefire in the West Asia crisis had pushed energy prices lower, which in turn weighed on CPO prices.

“We see prices supported above RM4,480 and resistance at RM4,600,” he told Bernama.

At the close, the May 2026 and October 2026 contracts decreased RM36 each to RM4,491 and RM4,556 per tonne, respectively, while June 2026 fell RM40 to RM4,507.

Ad Banner
Ad Banner
Ad Banner

The July 2026 contract dropped RM38 to RM4,541 per tonne, August 2026 fell RM37 to RM4,555, and September 2026 declined RM35 to RM4,558.

Trading volume slipped to 90,258 lots from 113,819 lots on Wednesday, while open interest rose to 283,723 contracts from 281,781 contracts previously.

The physical CPO price for May South slipped RM40 to RM4,550 per tonne.

-- BERNAMA

 

 


 

More News

Categories

Tags