CPO Futures Close Lower On Expectations of Rising Production

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 21 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed earlier gains to close lower on Tuesday, amid expectations of rising production in the coming weeks, said palm oil trader David Ng.

Ng said that persistently high stock levels also continued to weigh on market sentiment.

“We see prices well supported at RM4,450 a tonne, with resistance at RM4,650 a tonne,” he told Bernama.

At the close, the spot-month November 2025 contract inched up by RM8 to RM4,447 a tonne, while December 2025 eased RM1 to RM4,475 a tonne, and January 2026 slid RM8 to RM4,505 a tonne. 

The February 2026 contract erased RM13 to RM4,514 a tonne, March 2026 declined RM25 to RM4,493 a tonne, and April 2026 fell by RM21 to RM4,475 a tonne.

Total volume slipped to 64,163 lots from 84,025 lots on Friday, while open interest decreased to 279,217 contracts from 289,323 contracts previously.

On the physical market, November South rose RM20 to RM4,460 a tonne.

-- BERNAMA