CPO Futures End Mostly Higher On Stronger Crude Oil, Soybean Oil Prices
By Zufazlin Baharuddin & K Naveen Prabu
KUALA LUMPUR, June 13 (Bernama) -- The crude palm oil (CPO) futures contract ended mostly higher today, supported by stronger crude oil prices amid escalating tensions in the Middle East.
Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa told Bernama that Brent crude oil price surged by over 8.0 per cent earlier in the day as traders factored in potential supply risks stemming from the conflict in the region.
Additionally, palm oil trader David Ng said CPO futures also rallied in tandem with gains in soybean oil.
“We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,” Ng said.
At the close, the spot-month June contract remained unchanged at RM3,847 per tonne, July 2025 rose by RM82 to RM3,925 per tonne, and August 2025 increased by RM88 to RM3,927 per tonne.
September 2025 gained RM86 to RM3,922 per tonne, October 2025 climbed by RM78 to RM3,914 per tonne, and November 2025 gained RM68 to RM3,910 per tonne.
Trading volume jumped to 113,276 lots from 55,636 lots on Thursday, while open interest improved to 244,432 contracts from 242,900 contracts previously.
The physical CPO price for June South rose RM60 to RM3,960 per tonne.
-- BERNAMA