CPO Futures End Marginally Higher

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Nov 13 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended marginally higher on Thursday.

Palm oil trader David Ng said early gains were reversed due to worries that a stronger ringgit could dampen demand.

“We see support at RM4,100 and resistance at RM4,280,” he told Bernama.

At 6 pm, the ringgit appreciated to 4.1260/1300 versus the greenback from Wednesday’s close of 4.1315/1385.

At the close, December 2024 and March 2026 increased by RM2 each to RM4,087 and RM4,172 per tonne, respectively, while January 2026 gained RM1 to RM4,125 and  April 2026 added by RM3 to RM4,181.

The February 2026 contract stood at RM4,153 per tonne, but the spot-month November 2025 contract slipped by RM22 to RM3,935.

Total volume surged to 106,879 lots from 57,444 on Wednesday, while open interest advanced to 265,902 contracts from 263,092 previously.

The physical CPO price for November South decreased by RM30 to RM4,080 per tonne.

-- BERNAMA