By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Aug 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, weighed down by losses in soybean oil on the Chicago Board of Trade (CBOT), a trader said.
Palm oil trader David Ng said that the recent price rally in the CPO market has made palm oil less competitive compared with other vegetable oils, which may affect demand in the coming weeks.
“We see support at RM4,450 and resistance at RM4,630 per tonne,” he told Bernama.
At the close, the spot-month September 2025 contract dropped RM40 to RM4,413 per tonne, the October 2025 contract fell RM36 to RM4,462, and the November 2025 contract shed RM37 to RM4,492.
The December 2025 contract dipped RM34 to RM4,512 per tonne, while January 2026 and February 2026 decreased RM31 to RM4,516 per tonne and RM4,497 per tonne, respectively.
Volume slipped to 43,615 lots from 67,090 lots on Thursday, while open interest remained unchanged at 249,263 contracts.
The physical CPO price for September South fell RM30 to RM4,440 per tonne.
-- BERNAMA
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