CPO Futures End Lower, Tracking Weakness In Soybean Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Feb 6 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower, tracking the weakness in the Chicago Board of Trade (CBOT) soybean oil market, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said expectations of weak CPO demand in the coming weeks also dampened the sentiment.

“We see CPO prices supported above RM4,080 per tonne, with resistance at RM4,300,” he told Bernama.

At the close, the February 2026 contract slid by RM39 to RM4,082 per tonne, March 2026 fell by RM56 to RM4,121, and April 2026 dropped RM52 to RM4,154.

The May 2026 contract contracted by RM51 to RM4,163 per tonne, while June 2026 and July 2026 contracts shrank by RM46 each to RM4,158 and RM4,150, respectively.

Trading volume decreased to 66,389 lots from 74,745 lots yesterday, while open interest reduced to 219,059 contracts from 219,182 contracts previously.

The physical CPO price for January South eased RM30 to RM4,130 per tonne.

-- BERNAMA