By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Nov 24 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, reversing earlier gains due to weaker soybean oil prices.
Palm oil trader David Ng said prices are expected to remain well supported at RM4,000 a tonne, with resistance at RM4,150 a tonne.
At the close, the December 2025 contract slipped RM9 to RM4,041 per tonne, January 2026 dropped RM13 to RM4,050 per tonne, while February 2026 and March 2026 contracts fell RM14 to RM4,055 and RM4,064 per tonne respectively.
Meanwhile, April 2026 decreased RM15 to RM4,067 per tonne and May 2026 erased RM19 to RM4,065 per tonne.
Total volume climbed to 73,960 lots from 70,608 lots on Friday, while open interest increased to 288,313 contracts from 287,400 contracts previously.
The physical CPO price for December South narrowed by RM20 to RM4,080 per tonne.
-- BERNAMA
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