CPO Futures Extend Losses On Weaker Crude Oil, Vegetable Oil Markets
By K. Naveen Prabu
KUALA LUMPUR, July 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower for a second consecutive day on Tuesday, weighed by easing crude oil prices.
Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said losses across the broader vegetable oils market also weighed on palm oil futures.
He said that while weaker crude oil prices and the broader vegetable oils market drove Tuesday’s decline, traders are shifting their focus back to factors that directly affect the palm oil market, rather than external influences.
“Traders’ sentiment is returning to palm oil fundamentals, with expectations of higher near-term production, while exports are also seen improving,” he told Bernama.
At the close, the August 2026 contract slipped RM11 to RM4,540 per tonne, September 2026 fell RM25 to RM4,605 per tonne, and October 2026 declined RM31 to RM4,642 per tonne.
November 2026 dropped RM30 to RM4,675 per tonne, December 2026 eased RM27 to RM4,705 per tonne, and January 2027 shed RM23 to RM4,734 per tonne.
Trading volume increased to 91,139 lots from 62,982 lots on Monday, while open interest decreased to 305,445 contracts from 306,703 contracts previously.
The physical CPO price for August South decreased RM30 to RM4,530 per tonne.
-- BERNAMA