CPO Futures Close Lower On Concerns Over Weaker Demand
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, July 31 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, dragged down by concerns over weaker demand, said palm oil trader David Ng.
He said market sentiment was also affected by expectations of higher production in the coming weeks.
“We see support at RM4,180 per tonne and resistance at RM4,350,” he told Bernama.
At the close, the spot-month August 2025 contract slipped by RM34 to RM4,175 per tonne, the September 2025 contract shed RM46 to RM4,208, and the October 2025 contract dropped RM48 to RM4,230.
The November 2025 contract fell RM46 to RM4,247 per tonne, December 2025 decreased RM42 to RM4,260 and January 2026 eased RM39 to RM4,268 per tonne.
The trading volume was reduced to 52,614 lots from 79,236 yesterday, while open interest was down to 223,190 contracts from 243,689.
The physical CPO price for August South slid RM30 to RM4,200 per tonne.
-- BERNAMA