CPO Futures End Lower Amid Concerns Over Rising Output, Stockpiles

By K. Naveen Prabu

KUALA LUMPUR, Nov 3 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today amid concerns over rising output and stock levels in the country.

Palm oil trader David Ng said expectations of an increase in production and inventories put pressure on prices amid slower demand growth. “We see support at RM4,080 per tonne, while resistance is anticipated around RM4,230,” he told Bernama.

Fastmarkets Palm Oil Analytics Senior Analyst Sathia Varqa said palm oil futures fell to a four-month low due to heavy selling, as traders expected higher October production and larger end-of-month stock levels.

At the close, the spot-month November 2025 contract dropped RM96 to RM4,089 a tonne, while the December 2025 contract eased RM96 to RM4,097. The January 2026 contract fell RM92 to RM4,115 a tonne, and the February 2026 note fell RM87 to RM4,135. 

Meanwhile, the March 2026 contract shed RM83 to RM4,145 a tonne, and the April 2026 contract slipped RM76 to RM4,144.

Total volume rose to 113,744 lots from 93,756 lots on Friday, while open interest edged up to 265,151 contracts from 264,770 contracts previously.  

The physical CPO price for November South was down by RM60 at RM4,180 a tonne.

-- BERNAMA