CPO Futures End Higher On Bargain Buying, Stronger Global Veg Oil Prices

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 4 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Thursday, supported by bargain buying and strength in global vegetable oil markets, said Mumbai-based Sunvin Group commodity research head Anilkumar Bagani.

He noted, however, that gains were capped by the absence of destination buying, ample stocks in key market India, and uncertainty over the US-China trade outlook.

“Additionally, expectations of higher Malaysian palm oil end-stocks alongside rising production have limited the upside,” he told Bernama.

Meanwhile, palm oil trader David Ng said slower-than-expected production growth also supported prices.

“We see support at RM4,380 per tonne and resistance at RM4,530 per tonne,” he added.

At the close, the spot-month September 2025 contract rose RM9 to RM4,371 a tonne, October 2025 increased RM8 to RM4,412 a tonne and November 2025 contract improved RM6 to RM4,448 a tonne.

The December 2025 contract appreciated RM3 to RM4,475 a tonne, January 2026 and February 2026 went up RM5 to RM4,490 and RM4,482, respectively.

Volume rose to 73,897 lots from 67,415 on Wednesday while open interest was slightly lower at 252,812 contracts against 253,198 previously.

The physical CPO price for September South remained unchanged at RM4,400 per tonne.

The market will be closed on Friday, Sept 5 in conjunction with the Maulidur Rasul public holiday. Operations resume on Monday, Sept 8.

-- BERNAMA