CPO Futures End Higher Amid Expectations of Stronger Output

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 16 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed marginally higher on Thursday, amid expectations of improved output in October, said an analyst.

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the August to October period typically marks Malaysia’s peak production season, contributing about 30 per cent of the country’s annual output.

“Additionally, a stronger performance in related vegetable oil markets has also supported market sentiment,” he told Bernama.

Meanwhile, data from the Southern Peninsular Palm Oil Millers Association (SPPOMA) showed that palm oil production for the Oct 1-15 period increased by 6.86 per cent.

At the close, the new spot-month November 2025 contract inched up by RM2 to RM4,431 a tonne, while December 2025 remained unchanged at RM4,477 and January 2026 ticked up RM8 to RM4,520.

The February and March 2026 contracts each climbed by RM18 to RM4,533 and RM4,518 a tonne, respectively, while the April 2026 contract advanced by RM21 to RM4,493.

Total volume slipped to 94,132 lots from 117,165 on Wednesday, while open interest contracted to 277,195 contracts from 281,788 previously.

On the physical market, October South stood at RM4,430 a tonne.

-- BERNAMA