CPO Futures Set To Trade With Bullish Bias Next Week Amid Robust Exports

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Sept 20 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a bullish bias next week, given the recent strength in export performance, a dealer said.

Palm oil trader David Ng said the positive sentiment will continue to provide positive momentum to market sentiment and sustain buying interest among traders.

“We expect CPO prices to trade between RM4,330 and RM4,450 per tonne next week,” he told Bernama.

Meanwhile, Interband Group of Companies senior palm oil trader Jim Teh said CPO futures will likely trade between RM4,000 and RM4,200 per tonne.

“As a whole, CPO futures have been performing excellently as compared to crude oil prices, which have been in decline lately.

“The physical demand for palm oil would come from China, India, Pakistan, the Middle East, Europe, and the United States,” he said.

Bursa Malaysia Derivatives was closed for two days this week, on Sept 15 and 16, 2025 (Monday and Tuesday), in conjunction with Malaysia Day, and resumed on Sept 16, 2025 (Wednesday).

On a weekly basis, the October 2025 contract fell RM43 to RM4,365 per tonne, the November 2025 contract declined RM49 to RM4,396 per tonne, the December 2025 contract dropped RM45 to RM4,425, the January 2026 contract reduced RM40 to RM4,442, and the February 2026 contract fell RM37 to RM4,434 per tonne.

The September 2025 and March 2026 contracts stood at RM4,383 and RM4,404 per tonne, respectively.

Weekly trading volume shrank to 264,468 lots from 527,663 lots last week, while open interest decreased to 260,581 contracts from 263,070 contracts previously.

The physical CPO price for September South lost RM20 to RM4,400 per tonne.

-- BERNAMA