CPO Futures End Lower On Weaker Demand Expectation

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 24 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today on expectations of weaker demand in the coming weeks, said palm oil trader David Ng.

He said the market sentiment was also influenced by the anticipation of higher production in the coming weeks.

“We see support at RM4,350 a tonne and resistance at RM4,520 a tonne,” said Ng.

On a weekly basis, the new spot-month November 2025 decreased RM43 to RM4,382 a tonne, December 2025 erased RM47 to RM4,403 a tonne, and January 2026 slipped RM49 to RM4,422 a tonne.

February 2026 dropped RM46 to RM4,435 a tonne, March 2026 edged down RM44 to RM4,432 a tonne, while the April 2026 contract dwindled by RM43 to RM4,420 a tonne.

Total volume softened to 73,808 from 113,478 lots on Thursday, while open interest narrowed 265,714 contracts from 270,452 contracts previously.

On the physical market, November South narrowed RM10 to RM4,440 a tonne.

-- BERNAMA