By K.Naveen Prabu
KUALA LUMPUR, Aug 6 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today due to concerns about rising domestic production and inventory levels in the coming weeks.
Palm oil trader David Ng said market sentiment was also dampened by weaker crude oil and soybean oil prices.
“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 fell RM30 to RM4,220 per tonne, September 2025 declined RM25 to RM4,247 per tonne, and October 2025 dropped RM23 to RM4,267 per tonne.
Meanwhile, November 2025 eased RM20 to RM4,280 per tonne, December 2025 slipped RM16 to RM4,289 per tonne, and January 2026 also shed RM16 to RM4,294 per tonne.
Trading volume went down to 53,291 lots from 81,986 on Tuesday, while open interest increased to 226,626 contracts from 225,916.
The physical CPO price for August South decreased RM30 to RM4,230 per tonne.
-- BERNAMA
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