CPO Futures Mostly Higher As Soybean Oil Prices Strengthen

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 4 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mostly higher on Friday, tracking stronger soybean oil prices.

Iceberg X Sdn Bhd proprietary trader David Ng said the market was also supported by ongoing concerns over medium-term output amid El-Niño weather conditions affecting both Malaysia and Indonesia.

“We see prices supported above RM4,900 per tonne, with resistance at RM5,050 per tonne,” he told Bernama.

At the close, the September 2026 contract fell RM27 to RM4,608 per tonne, October 2026 increased RM7 to RM4,775 per tonne, and November 2026 gained RM25 to RM4,929 per tonne.

The December 2026 contract strengthened by RM36 to RM5,054 per tonne, January 2027 improved by RM48 to RM5,155 per tonne, and February 2027 rose by RM58 to RM5,227 per tonne.

Trading volume decreased to 116,950 lots from 137,648 lots on Thursday, while open interest fell to 334,025 contracts from 338,419 contracts yesterday.

The physical CPO price for September South was RM20 lower at RM4,650 per tonne.

-- BERNAMA