CPO Futures Likely To Trade Lower Next Week Amid Falling Crude Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, May 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade lower next week, following a drop in crude oil prices below US$100 per barrel, a trader said.

Interband Group of Companies senior palm oil trader Jim Teh said CPO prices are anticipated to trade within the RM4,200 to RM4,300 range.

“The physical demand for the commodity is expected to come from China, Pakistan, India, and possibly several countries in the Middle East to stockpile amid the West Asia crisis.

“The market will also focus on the Malaysian Palm Oil Board’s (MPOB) monthly report regarding palm oil performance for April,” he told Bernama.

On a Thursday-to-Friday basis, the May 2026 contract fell RM26 to RM4,478 per tonne, the June 2026 contract declined RM68 to RM4,472 per tonne, and the July 2026 contract dropped RM65 to RM4,505 per tonne.

The August 2026 contract slid RM67 to RM4,521 per tonne, the September 2026 contract eased RM73 to RM4,526 per tonne, and the October 2026 contract slipped RM77 to RM4,609 per tonne.

The weekly trading volume increased to 435,410 lots from 315,237 lots last week, while open interest went up to 281,027 contracts from 259,891 contracts previously.  

The physical CPO price for May South stood at RM4,550 per tonne.

-- BERNAMA