CPO Futures Close Higher On Strong Exports, Firm Soybean Oil Prices
Palm oil trader David Ng said that firm soybean oil prices also contributed to the upward movement in CPO prices.
KUALA LUMPUR, May 28 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, supported by stronger export performance.
'We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama.
At the close, the spot month June 2025 contract rose by RM32 to RM3,899 per tonne, July 2025 increased by RM33 to RM3,908 per tonne, and August 2025 went up RM31 to RM3,899 per tonne.
September 2025 was RM28 higher to RM3,890 per tonne, October 2025 gained RM24 to RM3,889 per tonne, and November 2025 rose by RM27 to RM3,893 per tonne.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
an hour ago
- The Sun
School holidays bring opportunities to local economy in Johor
JOHOR BAHRU: The school holidays since May 29, which brought joy to students and families, are a boon for hawkers, homestay operators and local communities around tourist hotspots in the state. A Bernama survey of several popular locations including the Johor Bahru City Square, Johor Zoo and the Johor Bahru City Council (MBJB) City Forest found that the presence of domestic tourists has increased sharply since the start of the holidays, thus providing a surge in income for street food vendors, souvenir vendors and homestay operators. Food vendor Halimah Abu Bakar, 48, said her sales during the school holiday season increased by 50 per cent following the increase in the number of customers at her stall. 'On weekdays, we receive around 100 customers, but during the holiday season, the number increases to 150 a day. Most of the customers are from other states and Singapore. 'Although we have to open our stall early and return late at night, the effort is worth it because the daily income increased almost three times compared to normal days,' she said when met by Bernama at her stall located around Hutan Bandar MBJB here today. Meanwhile, ice cream vendor Hasimi Md Isa, 41, said the school holiday season is like the 'harvest season' that he has been waiting for. 'During this school holiday, my ice cream sales can reach more than RM50 a day compared to RM30 a day. This school holiday is indeed a much-anticipated moment for local hawkers following the increase in the number of tourists coming to the state,' he said. The presence of tourists from outside Johor, such as Kuala Lumpur, Melaka and Pahang, also contributes to the increase in local economic activities, especially homestay operators around the hotspots. Homestay operator Suraya Abd Majid, 38, said all units advertised on digital platforms had been booked a week before the holiday began, showing high demand for affordable accommodation outside the countryside. 'Many families also choose to stay in homestays because they can cook and save money. Homestays are also a choice because their facilities are more family-friendly. 'For this school holiday season alone, my homestay in Kempas has been fully booked until June 7. In fact, I have often received calls from people wanting to book a homestay within two to three days recently,' she said when contacted by Bernama. On May 29, the media reported that Johor Unity, Heritage and Culture Exco, K. Raven Kumar, announced that 80 per cent of hotel room reservations in tourist hotspots in Johor had been filled in conjunction with the first term school holidays. The school holidays are expected to end on June 10, and local traders, hawkers and homestay operators hope that this momentum can continue ahead of Visit Johor Year 2026.
Borneo Post
2 hours ago
- Borneo Post
PM Anwar: Unity not an option, it's a national requirement
Unity is the foundation of a country's development and is a catalyst for Malaysia's progress, Anwar said. – Bernama photo KUALA LUMPUR (June 2): Prime Minister Datuk Seri Anwar Ibrahim today stressed that national unity is no longer an option, but rather a key requirement to ensure the continuity of the country's development. He said unity is the foundation of a country's development and is a catalyst for Malaysia's progress. 'Malaysia will only remain strong if we stand together united. 'Stability and national unity are the basic conditions for all progress. In a world that is rapidly changing and full of challenges, unity is not an option, it is a necessity,' he said. Anwar said this in his congratulatory speech at the investiture ceremony to present federal awards, stars and medals by Sultan Ibrahim, King of Malaysia, in conjunction with His Majesty's official birthday celebration at Istana Negara today. In attendance was Her Majesty Raja Zarith Sofiah, Queen of Malaysia. Present at the ceremony were the Prime Minister's wife, Datuk Seri Dr Wan Azizah Wan Ismail, Dewan Rakyat SpeakerTan Sri Johari Abdul and Dewan Negara President Datuk Awang Bemee Awang Ali Basah. Also present were Communications Minister Datuk Fahmi Fadzil and members of the Cabinet. Anwar said the MADANI government, under the auspices and guidance of His Majesty, will continue to be committed to implementing a comprehensive reform agenda based on the MADANI principles. 'Materialistic development alone is certainly not enough. In fact, it must be balanced with human values, social justice and human kindness,' said the Prime Minister. He emphasised that the development of infrastructure and public facilities should not be limited to mega projects like the East Coast Rail Link (ECRL) and the Johor-Singapore Special Economic Zone (JS-SEZ). Instead, equal attention must be given to upgrading and enhancing essential services such as schools, hospitals, and transport networks. 'The people are not only promised hope, but also protected tangibly and continuously,' he said. The Prime Minister also emphasised that the strategy to increase the people's income would continue to be driven through economic structural reforms, the influx of high-quality investments and the strengthening of the technology and innovation ecosystem. He said every citizen should have the opportunity to progress, regardless of racial or cultural background. – Bernama anwar ibrahim development lead unity
The Star
3 hours ago
- The Star
Unity not optional but a national requirement, says Anwar
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim (pic) has stressed that national unity is no longer an option but a key requirement to ensure continued development. He said unity is the foundation of development and a catalyst for progress. "Malaysia will only remain strong if we stand together, united. "Stability and national unity are the basic conditions for all progress. In a world that is rapidly changing and full of challenges, unity is not an option, it is a necessity," he said in his congratulatory speech in conjunction with the official birthday celebration of His Majesty Sultan Ibrahim, King of Malaysia, at Istana Negara here on Monday (June 2). Anwar said the government, under the auspices and guidance of His Majesty, will continue to be committed to implementing a comprehensive reform agenda based on the Madani principles. "Materialistic development alone is certainly not enough. In fact, it must be balanced with human values, social justice and human kindness," said the Prime Minister. He emphasised that the development of infrastructure and public facilities should not be limited to mega projects like the East Coast Rail Link (ECRL) and the Johor-Singapore Special Economic Zone (JS-SEZ). Instead, equal attention must be given to upgrading and enhancing essential services such as schools, hospitals and transport networks. "The people are not only promised hope, but also protected tangibly and continuously,' he said. The Prime Minister also emphasised that the strategy to increase the people's income would continue to be driven through economic structural reforms, the influx of high-quality investments and the strengthening of the technology and innovation ecosystem. He said every citizen should have the opportunity to progress, regardless of racial or cultural background. – Bernama
