CPO Futures Likely To Trade Lower Next Week On Higher Output Concerns

By K. Naveen Prabu

KUALA LUMPUR, Aug 9 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week, amid expectations of higher production and stock levels.

Palm oil trader David Ng said market sentiment is also expected to be dampened by the recent sluggish export pace.

“Higher stockpiles create downward pressure on prices because there is more supply than the market needs at that moment.

“Next week, we expect prices to trade between RM4,180 per tonne and RM4,300 per tonne with a downward bias,” he told Bernama. 

Meanwhile, Palm Oil Analytics co-founder and senior analyst Sathia Varqa said market participants will be closely monitoring the Malaysian Palm Oil Board’s (MPOB) July supply and demand data, which is scheduled to be released on Monday, Aug 11.

On a weekly basis, the August contract rose RM21 to RM4,214 per tonne, September 2025 gained RM8 to RM4,234 per tonne, and October 2025 added RM10 to RM4,255 per tonne.

The November 2025 contract advanced RM11 to RM4,274 per tonne, December 2025 was up RM5 to RM4,284 per tonne, while January 2026 eased RM2 to RM4,289 per tonne.

The weekly trading volume increased to 354,336 lots from 293,302 lots last week, while open interest went up to 311,976 contracts from 224,913 contracts.

The physical CPO price for August South rose RM20 to RM4,250 per tonne.

-- BERNAMA