CPO Futures Expected To Trade With Bullish Bias Next Week

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 4 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a bullish bias next week, supported by expectations of weaker output.

Palm oil trader David Ng said the lower stock levels in the country also influenced market sentiment.

“We expect CPO prices to trade between RM4,400 and RM4,600 per tonne next week,” he told Bernama.

Meanwhile, Interband Group of Companies senior palm oil trader Jim Teh said market players would be waiting for the Malaysian Palm Oil Board’s (MPOB) release of the monthly industry statistics on Oct 10, which will include the stock level of CPO for September.

“As for demand, it will come from India due to the festive season, as well as from China, Pakistan, Middle Eastern countries and the European Union,” he added.

On a weekly basis, the October 2025 contract rose RM35 to RM4,400 a tonne, November 2025 increased RM51 to RM4,418 a tonne, and December 2025 added RM46 to RM4,442 a tonne.

January 2026 gained RM37 to RM4,457 a tonne, February 2026 jumped RM28 to RM4,448 a tonne, while March 2026 edged up RM8 to RM4,416 a tonne.

Weekly trading volume fell to 373,167 lots from 423,097 lots last week, while open interest climbed to 273,808 contracts from 250,893 previously.

At the physical market, October South increased RM60 to RM4,420 a tonne.

-- BERNAMA