By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Aug 26 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today, tracking weaker soybean oil prices and expected higher output in the coming weeks, a trader said.
Palm oil trader David Ng said the market was under pressure as traders priced in expectations of rising production, which could weigh on prices moving forward.
“We see support at RM4,400 per tonne and resistance at RM4,580 per tonne,” he told Bernama.
At the close, the spot-month September 2025 contract dropped RM16 to RM4,397 per tonne, while October 2025 and November 2025 contracts shed RM22 to RM4,440 per tonne and RM4,470 per tonne, respectively.
December 2025 contract dipped RM23 to RM4,489 per tonne, January 2026 fell by RM24 to RM4,492 per tonne, and February 2025 decreased RM20 to RM4,477 per tonne.
Volume jumped to 46,894 lots from 43,615 lots on Monday, while open interest rose to 252,058 contracts from 249,263 contracts.
The physical CPO price for September South slid RM30 to RM4,410 per tonne.
-- BERNAMA
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