CPO Futures Slip On Cautious Sentiment

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, April 6 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower due to cautious sentiment as investors await upcoming palm oil production outlook data from the Malaysian Palm Oil Association.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market was also influenced by Thailand’s CPO export restriction news.

“The market is still processing last week’s bullish momentum, and some profit-taking is being observed as many bullish narratives are already priced in, leaving the market without fresh guidance,” he told Bernama.

It was reported that Thailand will tighten controls on CPO exports from April 7, requiring exporters to obtain prior written approval in a move aimed at protecting domestic supply amid rising energy and export demand.

At the close, the April 2026 contract decreased RM5 to RM4,740 per tonne, May 2026 fell RM20 to RM4,779 per tonne, while June 2026 and September 2026 declined RM28 to RM4,811 and RM4,761 per tonne, respectively.

July 2026 was RM29 lower at RM4,815 per tonne, and August 2026 dropped RM32 to RM4,792 per tonne.

Trading volume rose to 53,566 lots from 52,194 on Friday, while open interest increased to 254,035 contracts from 252,147.

The physical CPO price for April South stood at RM4,760 per tonne.

-- BERNAMA