By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Aug 18 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) extended gains on Monday, closing higher on firm export demand and slower production growth.
Palm oil trader, David Ng, said stronger soybean oil prices also lent support.
“We see prices supported above RM4,480 with resistance at RM4,580,” he told Bernama.
At the close, spot-month September 2025 and October 2025 contracts jumped RM51 each to RM4,476 and RM4,523 per tonne, respectively, while November 2025 rose RM48 to RM4,559 per tonne.
The December 2025 and January 2026 contracts gained RM44 each to RM4,572 and RM4,570 per tonne, respectively, and February 2026 added RM41 to RM4,547 per tonne.
Turnover eased to 70,059 lots from 81,890 lots last Friday, while open interest slipped to 249,400 contracts from 249,718.
The physical CPO price for August South rose RM70 to RM4,470 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
