CPO Futures End Higher On MPOB’s Lower Output Estimate

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 26 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher on Wednesday, following the Malaysian Palm Oil Board’s (MPOB) lower estimate of Malaysian palm oil production.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani told Bernama that MPOB has projected Malaysian palm oil production for Nov 1 to 12, 2025, to increase by three per cent, below market expectations of seven per cent.

Meanwhile, palm oil trader David Ng said the market sentiment was also lifted by the stronger soybean oil and crude oil prices.

“However, price gains are limited by the expectation of rising output and stock levels in the country.

“We see prices well supported above RM3,980 a tonne, with resistance at RM4,150 a tonne,” he said.

Meanwhile, at the close, the December 2025 contract surged by RM24 to RM3,998, the January 2026 contract rose by RM30 to RM4,014 per tonne, and the February 2026 contract gained RM34 to RM4,024 per tonne.

The March 2026 and April 2026 contracts advanced by RM35 to RM4,038 and RM4,045 per tonne, respectively, while May 2026 climbed by RM31 to RM4,041 per tonne.

Total volume declined to 78,914 lots from 119,178 lots on Tuesday, while open interest fell to 283,393 contracts from 290,245 contracts previously.

The physical CPO price for December South narrowed by RM10 to RM4,040 per tonne.

-- BERNAMA