By K.Naveen Prabu
KUALA LUMPUR, Aug 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, buoyed by expectations of rising biofuel demand.
Palm oil trader David Ng said market sentiment was also lifted by concerns about slower output growth.
“We see CPO prices supported above RM4,200 per tonne and resistance at RM4,350 per tonne,” he told Bernama.
At the close, the spot-month August contract rose RM84 to RM4,250 per tonne, September 2025 gained RM98 to RM4,272 per tonne, while October 2025 climbed RM103 to RM4,290 per tonne.
November 2025 advanced RM100 to RM4,300 per tonne, December 2025 added RM91 to RM4,305 per tonne, and January 2026 increased RM87 to RM4,310 per tonne.
Trading volume rose to 81,986 lots from 72,995 on Monday, while open interest increased to 225,916 contracts from 221,839.
The physical CPO price for August South increased RM60 to RM4,260 per tonne.
-- BERNAMA
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