CPO Futures Close Lower As High Prices Weigh On Demand

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Aug 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended its rally and closed lower on Tuesday, as the recent sharp price increase is likely to deter further demand, said palm oil trader David Ng.

He said that as the spread between palm oil and soybean oil continues to deteriorate, it would make palm oil more expensive compared to soybean oil.

“Therefore, the lower soybean oil prices would weigh down the market sentiment. 

“We see prices supported at RM4,500 and resistance at RM4,680,” Ng told Bernama.

At the close, spot-month September 2025 slid RM27 to RM4,449 per tonne, October 2025 eased RM31 to RM4,429, and November 2025 declined RM38 to RM4,521.

The December 2025 contract fell RM42 to RM4,530 per tonne, January 2026 reduced RM43 to RM4,527, and February 2026 shed RM44 to RM4,503.

Volume surged to 95,632 lots from 70,059 lots on Monday, while open interest rose to 253,319 contracts from 249,400 previously.

The physical CPO price for August South remained unchanged at RM4,470 per tonne.

-- BERNAMA