By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Oct 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, lifted by stronger crude oil prices, steady demand and optimism over Indonesia’s progress on its B50 biodiesel programme.
Mumbai-based Sunvin Group commodity research head, Anilkumar Bagani said sentiments improved after Indonesia completed the testing of its biodiesel blend with 50 per cent palm oil content, which is expected to boost long-term consumption of the commodity.
“The market also found support from firm crude oil prices and consistent buying interest from India,” he told Bernama.
At the close, the spot-month October 2025 contract rose RM21 to RM4,406 a tonne, the November 2025 contract increased RM36 to RM4,444 a tonne, and the December 2025 contract added RM33 to RM4,470 a tonne.
The January 2026 contract gained RM35 to RM4,488, while February 2026 and March 2026 advanced RM36 to RM4,483 a tonne and RM4,461 a tonne, respectively.
Total volume rose to 55,737 lots from 45,567 lots on Monday, while open interest increased to 276,188 contracts from 272,369 previously.
At the physical market, October South rose RM10 to RM4,440 a tonne.
-- BERNAMA
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