By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, April 21 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, recovering from the lowest levels seen in nearly six weeks, thanks to robust buying interest, according to a futures broker firm.
In a note today, CGS International Malaysia Bhd stated that the rising crude and soybean oil prices enhanced the tropical commodity’s appeal as a biofuel feedstock.
“The latest incidents in West Asia, which have jeopardised prospects for talks to end the Iran war, were supporting prices in Kuala Lumpur,” said the firm.
It also pointed out that palm oil for July delivery rose as much as one per cent during the morning trading, tracking crude higher.
“Brent jumped as much as 7.9 per cent on Monday, erasing most of a drop on Friday,” said CGS International.
At the close, the May 2026 contract was up RM36 to RM4,491 per tonne, June 2026 increased RM48 to RM4,535 per tonne, and July 2026 gained RM61 to RM4,559 per tonne.
The August 2026 contract edged up RM66 to RM4,564 per tonne, September 2026 added RM69 to RM4,557 per tonne, and October 2026 elevated RM71 to RM4,546 per tonne.
Trading volume advanced to 115,871 lots from 84,757 lots on Monday, while open interest rose by 253,316 contracts from 252,691.
The physical CPO price for May South rose RM50 to RM4,550 per tonne.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
