CPO Futures Snap Three-day Rally On Weaker Export Performance

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, July 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended its three-day rally to close lower on Friday, weighed down by lower export performance, a trader said.

Palm oil trader David Ng said Russia’s announcement on the suspension of export duty for sunflower oil, which could erode palm oil’s competitiveness in the vegetable oil market, also pressured prices.

“CPO prices are being impacted by concerns over increased output. We see the support level at RM4,200 per tonne, with resistance at RM4,380,” he told Bernama.

At the close, the spot-month August 2025 contract slipped by RM38 to RM4,221 per tonne, the September 2025 contract shed RM52 to RM4,258, and the October 2025 contract dropped RM57 to RM4,273.

The November 2025 contract fell RM51 to RM4,283 per tonne, December 2025 decreased RM39 to RM4,290, and January 2026 eased RM31 to RM4,290 per tonne.

Trading volume jumped to 82,818 lots from 75,735 lots on Thursday, while open interest reduced to 229,303 contracts from 233,661 previously. 

The physical CPO price for July South dropped RM50 to RM4,230 per tonne.

-- BERNAMA