By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Aug 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today, in line with overall weaknesses in global vegetable oil markets, said an analyst.
Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market sentiment was affected by the lack of credible confirmation of a rumour that India might reduce import duties on crude palm oil and its fractions.
“On Wednesday, there was some market chatter that India might reduce import duties on crude palm oil and refined palm oil, which pushed Bursa Malaysia Derivatives prices higher.
“However, there is no credible evidence that India will do so. Hence, the market is now adjusting to the reality,” he said.
At the close, the spot-month September 2025 contract and October 2025 contract dropped RM37 to RM4,375 per tonne and RM4,414 per tonne, respectively, while the November 2025 contract shed RM39 to RM4,449 per tonne.
December 2025 dipped by RM40 to RM4,472 per tonne, January 2026 fell by RM38 to RM4,483 per tonne, and February 2025 decreased by RM34 to RM4,474 per tonne.
Volume dwindled to 53,234 lots from 73,274 on Wednesday, while open interest contracted to 253,737 contracts from 254,938.
The physical CPO price for September South reduced by RM40 to RM4,390 per tonne.
-- BERNAMA
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