CPO Futures End Lower, Tracking CBOT Soybean Oil Weakness

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Jan 19 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, tracking weakness in the Chicago Board of Trade (CBOT) soybean oil market, a trader said.

Sunvin Group commodity research head Anilkumar Bagani said palm oil prices were also pressured after China cut import tariffs on Canadian canola to 15 per cent from a combined 84 per cent.

“It is also an adjustment reflecting reduced palm oil biofuel demand, as there will be no B50 mandate this year,” he told Bernama.

Echoing that view, Iceberg X Sdn Bhd proprietary trader David Ng said CPO prices were weighed down by persistent concerns over high domestic stock levels.

“We see prices supported above RM4,000, with resistance at RM4,180,” he said.

At the close, the benchmark February 2026 contract rose RM6 to RM4,032 per tonne. March 2026 eased RM2 to RM4,055 per tonne, while April 2026 slipped RM5 to RM4,067 per tonne.

The May 2026 contract fell RM6 to RM4,073 per tonne, June 2026 declined RM11 to RM4,071 per tonne and July 2026 lost RM9 to RM4,068 per tonne.

Trading volume dropped to 40,676 lots from 96,095 lots on Friday, while open interest fell to 242,379 contracts from 249,340 previously.

The physical CPO price for January South rose RM10 to RM4,060 per tonne.

-- BERNAMA