LATEST NEWS   Contract to host Malaysian MotoGP at Sepang International Circuit extended by five years until 2031 - Youth and Sports Minister | Malaysia must prepare its workforce for the AI era through better education, skills training and talent development - PM Anwar | Ant International’s decision to establish its global operations centre in Malaysia reflects growing confidence in the country’s strengths in technology, innovation and AI - PM Anwar | Technology, finance and innovation must create quality jobs, strengthen local industries, support businesses and improve access to affordable services - PM Anwar | Over 59,000 former PSD-sponsored students who graduated on or before Dec 31 2024 are eligible to apply for the Second Phase Academic PBU Option - PSD | 
MARKET • 05/06/2025 09:09 PM

CPO Futures End Lower On Rising Output Concerns

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, June 5 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today due to concerns over rising production, according to palm oil trader David Ng.

He said weaker soybean oil prices on the Chicago Board of Trade during Asian trading hours also weighed on market sentiment.

“The rising production is mainly due to seasonality. We see prices supported at RM3,800 per tonne and resistance at RM4,000 per tonne,” he told Bernama.

At the close, the spot-month June 2025 and July 2025 contracts dropped RM42 each to RM3,904 per tonne and RM3,923 per tonne, respectively.

August 2025 fell RM45 to RM3,903 per tonne, September 2025 and October 2025 declined RM47 each to RM3,890 per tonne and RM3,886 per tonne respectively, and November 2025 reduced RM40 to RM3,891 per tonne.

Trading volume improved to 64,761 lots from 59,422 lots yesterday, while open interest edged up to 245,562 contracts from 245,345 contracts previously.

The physical CPO price for June South decreased by RM50 to RM3,950 per tonne.

-- BERNAMA

 

 

 

More News

Categories

Tags