CPO Futures End Higher On Strong Export Expectations
By Siti Noor Afera Abu
KUALA LUMPUR, Sept 2 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Tuesday, driven by expectations of stronger exports and slower production growth.
Palm oil trader David Ng said the sentiment was buoyed by the sluggish output outlook, providing support for the commodity. “We see support at RM4,400 per tonne and resistance at RM4,580 per tonne,” he told Bernama.
Cargo surveyor Intertek Testing Services estimated Malaysia’s palm oil exports in August at 1.42 million tonnes, up 10.22 per cent from July.
At the close, the spot-month September 2025 contract rose RM75 to RM4,383 per tonne, while the October 2025 contract added RM91 to RM4,438 and the November 2025 note gained RM96 to RM4,476.
The December 2025 contract improved by RM91 to RM4,499 per tonne, January 2026 went up by RM84 to RM4,509, and February 2026 increased by RM80 to RM4,497.
Volume fell to 59,839 lots from 77,969 on Friday, while open interest widened to 254,494 contracts from 253,380.
The physical CPO price for September South added RM50 to RM4,420 per tonne.
The market was closed yesterday for the replacement National Day public holiday.
-- BERNAMA