CPO Futures Expected To Trade In Tight Range Next Week

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 6 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade in a tight range next week with a lack of market catalysts, said palm oil trader David Ng.

Ng told Bernama that prices are likely to range between RM4,300 and RM4,480 per tonne.

Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market is now waiting for the Malaysian palm oil August production estimates from the Malaysian Palm Oil Association. 

He estimated Malaysian palm oil end-August stocks at 2.214 million tonnes, up by 4.76 per cent from 2.113 million tonnes in July, as production rose by one per cent to 1.831 million tonnes.

On a weekly basis, the September 2025 contract rose by RM63 to RM4,371 per tonne and the October 2025 contract increased RM65 to RM4,412 per tonne.

The November 2025 contract improved RM68 to RM4,448 per tonne, December 2025 went up RM67 to RM4,475, while January 2026 and February 2026 gained RM65 to RM4,490 and RM4,482 respectively.

The weekly trading volume fell to 141,151 lots from 294,986 lots last week, while open interest was slightly lower at 252,812 contracts from 253,380 contracts.

The physical CPO price for September South added RM30 to RM4,400.

The market was closed on Friday (Sept 5) for the Maulidur Rasul public holiday and will resume operations on Monday (Sept 8).

-- BERNAMA