CPO Futures End Higher Tracking Stronger Crude, Soybean Oil Prices

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 23 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday, reversing earlier losses, in line with stronger crude oil and soybean oil prices, a dealer said.

Palm oil trader David Ng said prices are expected to remain well supported at RM4,350 a tonne, with resistance at RM4,580 a tonne.

At the close, the spot-month November 2025 and December 2025 contracts increased by RM24 each to RM4,425 and RM4,450 a tonne, respectively, while January 2026 rose RM15 to RM4,471.

The February 2026 contract added RM15 to RM4,481 a tonne, March 2026 contract was up RM14 to RM4,476 a tonne, and April 2026 advanced by RM15 to RM4,463 a tonne.

Total volume rose to 113,478 lots from 109,930 lots on Wednesday, while open interest slipped to 270,452 contracts from 277,711 contracts previously.

On the physical market, November South added RM20 to RM4,450 a tonne.

-- BERNAMA