By K. Naveen Prabu
KUALA LUMPUR, Dec 15 (Bernama) -- The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower today on weak demand and rising production.
Palm oil trader David Ng said higher production levels could lift overall stock levels in the country.
“We see support at RM3,950 and resistance at RM4,100,” he told Bernama.
At the close, the December 2025 contract increased by RM20 to RM4,000 per tonne, January 2026 lost RM12 to RM3,991 and the February 2026 contract slid RM10 to RM4,008.
The March 2026 contract eased RM15 to RM4,013 per tonne, April 2026 contract shed RM17 to RM4,018, and May 2026 contract declined RM18 to RM4,016.
Total volume dropped to 75,568 lots from 90,282 lots on Friday, while open interest increased to 266,480 contracts from 263,277 contracts previously.
The physical CPO price for December South remained unchanged at RM4,030 per tonne.
-- BERNAMA
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