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.

The physical CPO price for July South remained unchanged at RM4,170 per tonne.

-- BERNAMA