CPO Futures End Higher On Seasonal Peak Expectation

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Dec 2 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today in view that production may have reached its seasonal peak, a palm oil trader said.

David Ng said stronger soybean oil prices during Asian trading hours also helped lift market sentiment.

“We see support well above RM4,050 and resistance at RM4,200,” Ng told Bernama.

At the close, the December 2025 contract rose RM36 to RM4,096 per tonne, January 2026 gained RM55 to RM4,146 per tonne, and February 2026 increased RM65 to RM4,159 per tonne.

The March and April 2026 contracts climbed RM69 each to RM4,173 per tonne and RM4,176 per tonne respectively, while May 2026 added RM67 to RM4,172 per tonne.

Total volume grew to 64,559 lots from 51,780 yesterday, while open interest shrank to 227,917 contracts from 280,164 previously.

The physical CPO price for December South edged up by RM20 to RM4,130 per tonne.

-- BERNAMA