By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Aug 12 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its uptrend today, supported by expectations of strong export performance in the coming weeks, said palm oil trader David Ng.
However, he noted that gains were limited by concerns over rising production in the near term.
“We see CPO prices supported at RM4,350 per tonne and resistance at RM4,480 per tonne,” he told Bernama.
At the close, the spot-month August 2025 and September 2025 contracts gained RM9 each to RM4,343 per tonne and RM4,363 per tonne, respectively, and October 2025 rose RM18 to RM4,402 per tonne.
The November 2025 contract increased RM26 to RM4,430 per tonne, December 2025 climbed RM29 to RM4,442 per tonne, and January 2026 added RM34 to RM4,445 per tonne.
Trading volume surged to 120,621 lots from 83,281 lots on Monday, while open interest advanced to 232,784 contracts from 227,408 contracts previously.
The physical CPO price for August South ticked up RM30 to RM4,380 per tonne.
-- BERNAMA
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