By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Sept 6 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today amid weaker external market sentiment and expectations of rising output in the coming weeks, said palm oil trader David Ng.
“We see support at RM3,800 per tonne and resistance at RM4,000,” he told Bernama.
At the close, the September 2024 spot contract decreased by RM41 to RM3,980 per tonne, the October 2024 contract fell by RM18 to RM3,935 per tonne, and November 2024 was down by RM19 to RM3,898 per tonne.
The December 2024 contract dropped by RM17 to RM3,874 per tonne, January 2025 declined by RM16 to RM3,861 per tonne, and February 2025 slid by RM13 to RM3,858 per tonne.
Total volume rose to 59,641 lots from 54,096 on Thursday, while open interest increased to 232,403 contracts compared with 232,124 previously.
The physical CPO price for September South was RM20 lower at RM4,030 per tonne.
-- BERNAMA
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