Latest news with #FastmarketsPalmOilAnalytics
Barnama
17-07-2025
- Business
- Barnama
CPO Futures End Lower As Market Awaits Fresh Export, Production Data
By K. Naveen Prabu KUALA LUMPUR, July 17 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, as traders turned cautious ahead of key export and production figures due next week. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said traders are likely awaiting new market leads, particularly for export and production data from July 1 to 20. 'The next major data release will be cargo surveyor estimates for exports and production figures from the Malaysian Palm Oil Association, which will provide clearer guidance for the market,' he told Bernama. He added the CPO market appeared stagnant today, with nearby-month contracts such as August to December showing little movement. 'The market seemed a little directionless today after two sessions of sharp swings. Prices traded on both sides earlier in the session but settled in negative territory by the close,' he said. At the close, the new spot-month August contract fell RM20 to RM4,138 per tonne, September 2025 contract declined RM18 to RM4,180 per tonne and October 2025 contract eased RM14 to RM4,210 per tonne. November 2025 slipped RM16 to RM4,217 per tonne, December 2025 dropped RM20 to RM4,213 per tonne while January 2026 contract shed RM27 to RM4,205 per tonne. Trading volume rose to 119,798 lots from 90,890 lots on Wednesday, while open interest increased to 232,699 contracts from 231,958 contracts previously.
Barnama
15-07-2025
- Business
- Barnama
CPO Futures End Lower On Profit-Taking
WORLD By K. Naveen Prabu KUALA LUMPUR, July 15 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today on profit-taking by traders. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said traders locked in profits following Monday's rally, which had lifted prices to a three-month high. He added that the stronger ringgit also pressured the market. 'The ringgit strengthened sharply against the United States (US) dollar, making ringgit-denominated CPO more expensive for international buyers,' he told Bernama. Meanwhile, palm oil trader David Ng said expectations of slower export performance weighed on prices. 'CPO plunged below RM4,200 per tonne as concerns over export weakness in the coming weeks weigh on market sentiment. 'We see price support at RM4,100 per tonne and resistance at RM4,300,' he said. At the close, the spot-month July contract remained unchanged at RM4,109 per tonne, August 2025 declined by RM77 to RM4,106 per tonne, and September 2025 fell RM84 to RM4,146 per tonne.
Barnama
24-06-2025
- Business
- Barnama
CPO Futures End Lower On Weaker Crude, Soybean Oil Prices
By K Naveen Prabu KUALA LUMPUR, June 24 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, dragged by weaker crude oil and soybean oil prices. Palm oil trader David Ng said the reduction in prices was primarily driven by easing geopolitical tensions in the Middle East. 'CPO prices plunged below the RM4,000 level as easing tensions in the Middle East weighed on market sentiment. 'We see support at RM3,900 per tonne and resistance at RM4,150,' he told Bernama. Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said CPO futures traded sharply lower, with the most-active September contract falling to a seven-day low. 'The decline was driven by external pressure from weaker crude oil prices, a stronger ringgit and losses in related vegetable oil futures,' he said. At the close, the spot-month July contract fell RM124 to RM3,963 per tonne, while August 2025 declined RM137 to RM3,982 per tonne and September 2025 dropped RM143 to RM3,983 per tonne. October 2025 slipped RM145 to RM3,980 per tonne, November 2025 eased RM144 to RM3,984 per tonne and December 2025 decreased RM145 to RM3,996 per tonne.
Barnama
16-06-2025
- Business
- Barnama
CPO Futures Expected To Trade Higher Next Week On Stronger Rival Oils
By Zufazlin Baharuddin KUALA LUMPUR, June 14 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week, tracking the rise of rival oils such as soybean and crude. Palm oil trader David Ng said soybean and crude oil prices have risen due to heightened tensions in the Middle East, making palm oil more attractive, which will boost demand for the golden commodity. 'We expect prices to remain strong, driven by persistent demand from key buyers such as China and India, which should help lift market sentiment,' he told Bernama. Ng projected that CPO prices will trade between RM3,850 per tonne and RM4,000 per tonne next week. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said market participants will be closely watching Malaysia's palm oil export performance for June 1-15 and next week as the data could provide fresh leads for the market. On a Friday-to-Friday basis, the spot-month June 2025 contract shed RM64 to RM3,847 per tonne and July 2025 slid RM5 to RM3,925. The August 2025 note added RM10 to RM3,927 per tonne, September 2025 rose RM16 to RM3,922, October 2025 increased RM15 to RM3,914, and November 2025 went up RM11 to RM3,910. The weekly trading volume advanced to 339,415 lots from 290,679 lots the previous week, while open interest edged up to 244,432 contracts from 241,688 contracts. The physical CPO price for June South remained unchanged at RM3,960 per tonne.
Barnama
04-06-2025
- Business
- Barnama
CPO Futures Likely To Trade Sideways Next Week Amid Limited Market Catalysts, Shorter Week
By Siti Noor Afera Abu KUALA LUMPUR, May 31 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to move sideways next week due to limited market catalysts and a shorter trading week. Palm oil trader David Ng said the lack of fresh trading cues will likely keep the market range-bound in the near term. 'We expect the commodity to trade between RM3,750 and RM3,950 per tonne,' he said. Cargo surveyors expect exports of Malaysian palm oil products during May 1-25 to rise between 7.3 per cent and 11.6 per cent, compared with the same period a month ago. Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said market participants will be keenly watching for May supply and demand estimates from newswire polling and the full month production data from the Malaysian Palm Oil Association, including data from the Malaysian Palm Oil Board (MPOB), due on June 10. On a Friday-to-Friday basis, the spot-month June 2025 contract rose RM64 to RM3,888 per tonne, July 2025 was RM55 higher at RM3,891 per tonne, and August 2025 added RM51 to RM3,878. The September 2025 note rose RM49 to RM3,870 per tonne, October 2025 edged up RM46 to RM3,870, and November 2025 gained RM43 to RM3,874. The weekly trading volume was down to 281,987 lots from 331,960 the previous week, while open interest narrowed to 241,994 contracts from 244,075.
