CPO Futures End Lower On Weaker Export Performance In July

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 28 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, weighed by Malaysian palm oil's weaker export performance in July.

Sunvin Group head of commodity research Anilkumar Bagani said Malaysian palm oil exports for the July 1-25 period were estimated at 1,029,585 tonnes by Intertek Testing Services, down 9.23 per cent from the June 1-25 estimate.

"Meanwhile, AmSpec Agri Malaysia reported exports at 896,484 tonnes, marking a 15.22 per cent decline over the same period," he told Bernama.

Palm oil trader David Ng said the CPO market closed lower on Monday due to concerns over expectations of rising output and weaker demand in the coming weeks.

He said the market sentiment was also dragged down by a drop in soybean oil prices on the Chicago Board of Trade (CBOT).

"We see support at RM4,200 and resistance at RM4,350," he added. 

At the close, the spot-month August 2025 contract slipped by RM71 to RM4,150 per tonne, the September 2025 contract shed RM35 to RM4,223, and the October 2025 contract dropped RM31 to RM4,242.

The November 2025 contract fell RM30 to RM4,253 per tonne, December 2025 decreased RM30 to RM4,260, and January 2026 eased RM27 to RM4,263 per tonne.

Trading volume receded to 48,430 lots from 82,818 lots on Friday, while open interest reduced to 226,093 contracts from 229,303, previously.

The physical CPO price for July South dropped RM30 to RM4,200 per tonne.

-- BERNAMA