CPO Futures Close Lower On Weak Supply, Demand Outlook
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, May 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, weighed down by weak supply-and-demand outlook, a trader said.
He said the latest Malaysian Palm Oil Board (MPOB) April data showed an increase in palm oil stocks, confirming sluggish exports as a key factor weighing on market sentiment.
The trader added that although bearish sentiment had pushed CPO prices lower, developments in West Asia could provide future support.
“Further United States–Iran tensions could keep CPO prices supported or trigger a knee-jerk upward move,” he told Bernama.
At the close, the May 2026 contract slid RM44 to RM4,451 per tonne, June 2026 slipped RM34 to RM4,450 and July 2026 dropped RM35 to RM4,481 per tonne.
The August 2026 contract declined by RM28 to RM4,504 per tonne, September 2026 decreased RM26 to RM4,515 and October 2026 shed RM23 to RM4,525 per tonne.
Trading volume surged to 128,099 lots from 61,162 lots on Monday, while open interest eased to 280,300 contracts from 280,839 contracts previously.
The physical CPO price for May South fell RM30 to RM4,510 per tonne.
-- BERNAMA