CPO Futures Expected To See Mild Profit-taking Next Week
By K. Naveen Prabu
KUALA LUMPUR, July 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see mild profit-taking next week following recent gains.
Palm oil trader David Ng said the commodity had rallied strongly in recent sessions, which will prompt some traders to lock in profits, and that could result in softer momentum in the near term. 'CPO prices have risen significantly over the past few sessions, breaking above RM4,300 per tonne. Profit-taking is common after such a surge, as traders tend to sell when prices are high to secure their gains,' he told Bernama.
He added that after a strong rally, it is natural for the market to experience a slight pullback as participants cash out. 'We anticipate (the commodity) to trade between RM4,200 and RM4,380 per tonne next week,' he said.
On a weekly basis, the August 2025 contract rose RM118 to RM4,262 per tonne, while the September 2025 contract increased RM135 to RM4,309 per tonne, and the October 2025 contract climbed RM138 to RM4,315 per tonne.
The November 2025 contract added RM88 to RM4,305 per tonne, December 2025 advanced RM115 to RM4,290 per tonne, and January 2026 gained RM94 to RM4,275 per tonne.
The weekly trading volume increased to 555,657 lots from 435,464 lots in the previous week, while open interest went up to 237,735 contracts from 231,427 contracts.
The physical CPO price for July South increased by RM130 to RM4,290 per tonne.
-- BERNAMA
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