By K. Naveen Prabu
KUALA LUMPUR, March 27 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, tracking stronger crude oil prices, a trader said.
At the time of writing, Brent crude oil rose 2.52 per cent to US$110.70 per barrel.
Iceberg X Sdn Bhd proprietary trader David Ng said firmer soybean oil prices also supported the market.
“We see CPO prices supported above RM4,580 per tonne, with resistance at RM4,700 per tonne,” he told Bernama.
Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said CPO futures edged higher, building on the strong gains from the previous session and ending the shortened four-day trading week on a firm note.
“Gains in other vegetable oils, such as soybean, also helped support CPO prices by lifting overall market sentiment,” he said.
At the close, the April 2026 contract rose RM39 to RM4,540 per tonne, May 2026 gained RM37 to RM4,611 per tonne, and June 2026 advanced RM48 to RM4,631 per tonne.
The July 2026 contract increased RM52 to RM4,620 per tonne, August 2026 climbed RM52 to RM4,597 per tonne, while September 2026 added RM49 to RM4,570 per tonne.
Trading volume grew to 119,026 lots from 87,914 on Thursday, while open interest went up to 236,911 contracts from 235,513 contracts previously.
The physical CPO price for April South increased RM10 to RM4,560 per tonne.
-- BERNAMA
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