CPO Futures Rise Despite Weak Export Demand

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 19 (Bernama) -- Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closes higher on Wednesday, as the market continues its uneven recovery, said a trader.

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the gains eased as demand for palm oil exports remained weak.

“Technical sentiment has turned more constructive following the recent recovery, although traders remain cautious while external demand signals remain soft,” he told Bernama, adding that Malaysia’s November palm oil exports are expected to underperform.

Meanwhile, palm oil trader David Ng foresees prices supported above RM4,150 per tonne and resistance at RM4,300 per tonne.

At the close, the December 2025 contract inched up RM2 to RM4,178 per tonne, January 2026 edged up RM9 to RM4,210 per tonne, and February 2026 grew RM17 to RM4,226 per tonne.

March and May 2026 increased by RM27 and RM31, respectively, to RM4,240 per tonne, while April 2026 advanced by RM28 to RM4,245 per tonne.

Total volume dipped to 83,103 lots from 99,940 lots on Tuesday, while open interest increased to 274,629 contracts from 270,652 contracts previously.

The physical CPO price for December South slipped RM10 to RM4,190 per tonne.

-- BERNAMA