CPO Futures Extend Gains On Stronger Export Demand

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 23 (Bernama) -- CPO futures on Bursa Malaysia Derivatives extended gains to close higher on Tuesday, buoyed by expectations of stronger palm oil demand, according to a trader.

Palm oil trader David Ng said the anticipation of slower output growth in the coming weeks also dampened sentiment.

“We see support at RM3,950 and resistance at RM4,080,” he told Bernama.

At the close, the January 2026 contract rose RM37 to RM4,010 per tonne, February 2026 was up by RM47 to RM4,030 and March 2026 surged RM51 to RM4,036.

The April 2026 contract jumped RM46 to RM4,036 per tonne, May 2026 increased RM40 to RM4,028 and June 2026 advanced RM30 to RM4,012.

Total volume surged to 80,764 lots from 50,781 on Monday, while open interest fell to 266,837 contracts from 270,951 previously.

The physical CPO price for January South added RM30 to RM4,030 per tonne.

-- BERNAMA