CPO Futures End Higher On Slower Production Outlook
By K.Naveen Prabu
KUALA LUMPUR, Aug 8 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, rebounding from earlier losses on expectations of a slower production pace in the coming weeks.
Palm oil trader David Ng said that although the market is in a seasonally higher production period, which typically exerts downward pressure on prices, traders have anticipated a slower pace of growth ahead, lending some support to the market. However, he noted that gains were capped by weakness in the soybean oil market. 'We see CPO prices supported at RM4,200 per tonne, with resistance at RM4,320,' he told Bernama.
At the close, the spot-month August contract rose RM12 to RM4,214 per tonne, September 2025 gained RM12 to RM4,234, and October 2025 added RM15 to RM4,255. The November 2025 note advanced RM17 to RM4,274 per tonne, December 2025 was up RM14 to RM4,284, and January 2026 added RM9 to RM4,289.
Trading volume went up to 916,40 lots from 54,424 on Thursday, while open interest increased to 311,976 contracts from 227,566. The physical CPO price for August South rose RM20 to RM4,250 per tonne.
-- BERNAMA
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