By K. Naveen Prabu
KUALA LUMPUR, Nov 8 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound next week amid a bearish undertone, according to palm oil trader David Ng.
He said this is driven by expectations of an unfavourable crop report, with traders bracing for data that may point to higher production and rising stock levels, which could exert further pressure on prices.
“We expect the market to trade between RM4,050 and RM4,200 (per tonne) next week,” Ng told Bernama.
On a weekly basis, the spot-month November 2025 contract dropped RM105 to RM4,080 a tonne, while December 2025 fell RM111 to RM4,082 a tonne and January 2026 declined RM98 to RM4,109 a tonne.
February 2026 eased RM85 to RM4,137 a tonne, March 2026 slipped RM71 to RM4,157 a tonne, and April 2026 erased RM52 to RM4,168 a tonne.
Weekly trading volume rose to 487,131 lots from 469,530 lots last week, while open interest edged up to 264,821 contracts from 264,770 previously.
The physical CPO price for November South dropped by RM120 to RM4,120 a tonne.
-- BERNAMA
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