CPO Futures Close Lower Amid Worries Over US-China Trade War

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 13 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday, as the latest development of the ongoing trade war between the United States and China weighed on sentiment.

Palm oil trader David Ng said the market's lower performance was also due to concerns over the commodity’s rising stocks and production levels in the coming weeks. “Therefore, we see support at RM4,400 per tonne and resistance at RM4,580 per tonne,” he told Bernama.

On Oct 11, President Donald Trump declared that the US will implement a 100 per cent tariff on imports from China, along with new restrictions on technology exports, starting Nov 1, 2025, contingent on how China responds to trade issues.

At the close, the spot-month October 2025 contract slipped RM48 to RM4,420 a tonne, while November 2025 dipped RM43 to RM4,453 a tonne, and December 2025 dropped RM45 to RM4,499.

The January 2026 contract weakened RM42 to RM4,523 a tonne, February 2026 narrowed RM31 to RM4,525, while March 2026 was RM22 lower at RM4,508.

Total volume declined to 95,626 lots from 113,058 lots on Friday, while open interest fell to 277,517 contracts from 282,064 previously.

At the physical market, October South fell RM50 to RM4,450 a tonne.

-- BERNAMA