CPO Futures End Higher For Third Straight Day

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Jan 22 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended its upward momentum to close higher on Thursday for the third consecutive day, supported by improved market sentiment, said an analyst.

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the positive market sentiment was mainly influenced by overall gains in the financial markets.

“However, a strong rise in the Malaysian ringgit trimmed some of the gains in palm futures,” he told Bernama.

Meanwhile, Kuala Lumpur-based proprietary trader David Ng of Iceberg X Sdn Bhd said a stronger soybean oil market also drove the firmer CPO market today.

“Hence, we see prices supported above RM4,100 a tonne and resistance at RM4,250 a tonne,” he said.

At the close, the February 2026 contract rose RM30 to RM4,142 per tonne, March 2026 added RM42 to RM4,184 per tonne, and April 2026 gained RM43 to RM4,197 per tonne.

The May 2026 contract increased RM39 to RM4,194 per tonne, June 2026 climbed RM36 to RM4,185 per tonne, and July 2026 firmed RM35 to RM4,173 per tonne.

Trading volume grew to 93,051 lots from 67,587 lots on Wednesday, while open interest narrowed to 231,985 contracts from 239,347 previously.

The physical CPO price for February South rose RM20 to RM4,150 per tonne.

-- BERNAMA