By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Aug 22 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Friday following gains in the soybean oil market, a trader said.
Palm oil trader David Ng said recent strong CPO export performance also lifted sentiment.
“We see price support at RM4,500 (per tonne) and the next price resistance at RM4,680,” he told Bernama.
At the close, the spot-month September 2025 contract jumped by RM62 to RM4,453 per tonne.
Meanwhile, the October 2025, November 2025 and December 2025 contracts rose RM69 each to RM4,498, RM4,529, and RM4,546 per tonne, respectively.
The January 2026 and February 2026 contracts increased RM66 each to RM4,547 and RM4,528 per tonne, respectively.
Volume grew to 67,090 lots from 59,539 lots on Thursday, while open interest narrowed to 249,263 contracts from 250,917 contracts previously.
The physical CPO price for September South gained RM40 to RM4,470 per tonne.
-- BERNAMA
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