CPO Futures Close Lower, Tracking Losses In Soybean Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, April 1 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Wednesday, in line with declines in soybean oil futures on the Chicago Board of Trade (CBOT), a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said weaker crude oil prices also weighed on market sentiment.

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

At the close, the April 2026 and May 2026 contracts fell RM64 each to RM4,665 and RM4,733 per tonne, respectively, and June 2026 trimmed RM59 to RM4,769 prt tonne.

July dropped RM58 to RM4,770 per tonne, August 2026 slid RM61 to RM4,745 per tonne, and September 2026 declined RM65 to RM4,711 per tonne.

Trading volume surged to 172,873 lots from 109,419 lots on Tuesday, while open interest went up to 252,970 contracts from 246,071 contracts previously.  

The physical CPO price for April South decreased by RM30 to RM4,720 per tonne.

-- BERNAMA