CPO Futures End Slightly Higher On Firmer Crude Oil Prices
Palm oil trader David Ng said CPO prices are recovering from previous losses, driven by better-than-expected export figures that have boosted market sentiment.
KUALA LUMPUR, May 26 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed marginally higher on Monday, supported by stronger crude oil prices.
'We see support at RM3,800 per tonne and resistance at RM3,950 per tonne,' he told Bernama.
According to independent inspection company AmSpec Agri Malaysia, exports of Malaysian palm oil products for May 1-25 rose 7.3 per cent to 991,702 tonnes from 923,893 tonnes shipped during April 1-25.
At the close, the spot month June 2025 contract rose by RM11 to RM3,835 per tonne, July 2025 increased by RM7 to RM3,843 per tonne, and August 2025 went up RM6 to RM3,833 per tonne.
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