CPO Market Set To See Profit-taking Next Week

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Feb 21 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see profit-taking next week as international traders return from the Chinese New Year holiday, a trader said.

Interband Group of Companies senior palm oil trader Jim Teh said the futures are expected to trade between RM3,800 and RM3,900 per tonne next week as international participants return and reassess their positions.

“CPO inventories remain ample in Malaysia and Indonesia, providing sufficient supply for the physical market.

“Physical buying interest is expected to come mainly from India, Pakistan, the Middle East, the European Union and, to a lesser extent, the United States,” he told Bernama.

On a Friday-to-Friday basis, the March 2026 contract rose RM113 to RM4,063 per tonne, April 2026 advanced RM50 to RM4,087 per tonne, and May 2026 climbed RM42 to RM4,092 per tonne.

The June 2026 contract increased to RM50 to RM4,096 per tonne, July 2026 added RM60 to RM4,100 per tonne, and August 2026 gained RM64 to RM4,099 per tonne.

The weekly trading volume shrank to 194,724 lots from 392,823 lots last week, while open interest declined to 228,011 contracts from 230,392 contracts previously.

The physical CPO price for March South went up by RM50 to RM4,100 a tonne.

-- BERNAMA