CPO Futures To Trade Sideways Next Week, Awaiting POC2026 Outcome

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Feb 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade sideways next week, as the market remains in a cautious mode awaiting catalysts from the outcomes of the 37th Palm and Lauric Oils Price Outlook Conference and Exhibition (POC2026) next week.

Proprietary trader David Ng of Iceberg X Sdn Bhd said the conference would likely focus on palm oil fundamentals and price outlook.

“We anticipate CPO prices to move between RM4,080 and RM4,200 per tonne next week,” he told Bernama.

Meanwhile, Interband Group of Companies senior palm oil trader Jim Teh expects physical demand for crude palm oil (CPO) to come from China ahead of the Chinese New Year, as well as from India, Pakistan, the Middle East, the European Union and the United States.

“Therefore, the CPO price will be between RM3,800 and RM3,950 per tonne,” he said.

On a Friday-to-Friday basis, the February 2026 contract declined RM78 to RM4,082 per tonne, March 2026 slipped RM88 to RM4,121 per tonne, and April 2026 slid RM75 to RM4,154 per tonne.

The May 2026 contract weakened RM65 to RM4,163 per tonne, June 2026 was RM55 lower at RM4,158 per tonne, and the July 2026 decreased RM44 to RM4,150 per tonne.

The weekly trading volume fell to 274,729 lots from 455,274 lots last week, while open interest eased to 219,059 contracts from 220,712 contracts previously.

The new physical CPO price for January South was lower by RM70 to RM4,130 a tonne. 

-- BERNAMA