CPO Futures To Trade Higher Next Week Amid West Asia Conflict

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, April 4 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade higher next week amid the ongoing crisis in West Asia, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said news on Indonesia's B50 biodiesel programme is also projected to lift market sentiment.

“We expect (CPO) prices to trade between RM4,750 and RM4,950 (per tonne) next week,” he told Bernama.

On a Friday-to-Friday basis, the April 2026 contract increased RM205 to RM4,745 per tonne, May 2026 went up by RM188 to RM4,799 per tonne, and June 2026 rose RM208 to RM4,839 per tonne.

Meanwhile, the July 2026 contract gained RM224 to RM4,844 per tonne, August 2026 added RM227 to RM4,824 per tonne, and September 2026 advanced RM219 to RM4,789 per tonne.

The weekly trading volume surged to 518,950 lots from 363,166 lots last week, while open interest increased to 252,147 contracts from 236,911 contracts previously.  

The physical CPO price for April South strengthened by RM200 to RM4,760 a tonne.

-- BERNAMA