CPO Futures Close Higher, Tracking Gains In Crude Oil And Soybean Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, March 31 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher, reversing earlier losses amid stronger crude oil and soybean oil prices, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said that recent strong export performance also lifted market sentiment today.

“We see prices supported above RM4,700 per tonne and resistance at RM4,850 per tonne,” he told Bernama.

At the time of writing, Brent crude oil rose 4.53 per cent to US$117.89 per barrel.

At the close, the April 2026 and July contracts rose RM63 each to RM4,729 and RM4,828 per tonne, respectively, while May 2026 gained RM49 to RM4,797 per tonne, and June 2026 advanced RM56 to RM4,828 per tonne.

August 2026 climbed RM66 to RM4,806 per tonne and September 2026 climbed RM65 to RM4,776 per tonne.

Trading volume increased to 109,419 lots from 104,052 lots on Monday, while open interest went up to 246,071 contracts from 242,882 contracts previously.  

The physical CPO price for April South increased by RM50 to RM4,750 per tonne.

-- BERNAMA