By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Oct 22 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today amid concerns over rising output.
Palm oil trader David Ng said the increase in production expected in the coming weeks, coupled with high inventory levels in the country, is weighing on market sentiment.
“We see prices well supported above RM4,380 a tonne, with resistance at RM4,540 a tonne,” he told Bernama.
At the close, the spot-month November 2025 contract dropped RM46 to RM4,401 a tonne, while December 2025 and January 2026 slid RM49 each to RM4,426 and RM4,456 a tonne, respectively.
The February 2026 contract eased RM46 to RM4,468 a tonne, March 2026 declined RM31 to RM4,462 a tonne, and April 2026 fell RM27 to RM4,448 a tonne.
Total volume increased to 109,930 lots from 64,163 lots on Tuesday, while open interest slipped to 277,711 contracts from 279,217 contracts previously.
On the physical market, November South fell RM30 to RM4,430 a tonne.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
