By Siti Noor Afera Abu
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.
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.
“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.
September 2025 advanced by RM4 to RM3,825 per tonne, October 2025 gained RM5 to RM3,829 per tonne, and November 2025 rose by RM2 to RM3,833 per tonne.
Trading volume declined to 34,817 lots from 54,070 previously, while open interest fell to 243,913 contracts from 244,075 contracts.
The physical CPO price for June South slipped by RM10 to RM3,870 per tonne.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
