CPO Futures End Higher Ahead Of MPOB Data

By Zufazlin Baharuddin

KUALA LUMPUR, June 9 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, ahead of key data from the Malaysian Palm Oil Board (MPOB) due on Tuesday.

Fastmarkets Palm Oil Analytics senior analyst, Dr Sathia Varqa said traders remained cautious ahead of the MPOB report, which will provide figures on May’s palm oil production, exports and inventories.

“The MPOB’s May supply and demand report is expected to show that exports are rising faster than production, but overall stocks may still increase due to higher beginning inventories.

“Malaysia’s exports for June 1–10 are estimated to have risen by 25–30 per cent compared to the same period in May,” he told Bernama.

Meanwhile, palm oil trader David Ng said CPO prices were also tracking gains in soyabean oil on the Chicago Board of Trade exchange.

“We see support at RM3,800 per tonne, with resistance at RM4,000 per tonne,” he added.

At the close, the spot-month June 2025 contract rose RM9 to RM3,920 per tonne, July 2025 increased RM2 to RM3,932 per tonne, and August 2025 gained RM8 to RM3,925 per tonne.

September 2025 climbed RM8 to RM3,914 per tonne, October 2025 added RM9 to RM3,908 per tonne, and November 2025 edged up RM5 to RM3,904 per tonne.

Trading volume eased to 47,097 lots from 62,878 lots on Friday, while open interest declined to 225,140 contracts from 241,688 previously.

The physical CPO price for June South was unchanged at RM3,960 per tonne.

-- BERNAMA