By K. Naveen Prabu
KUALA LUMPUR, Dec 18 (Bernama) -- The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher today, supported by gains in the soybean oil market.
Palm oil trader David Ng said firmer crude oil prices also lifted market sentiment.
“We see support at RM3,900 and resistance at RM4,050,” he told Bernama.
At the close, the December 2025 contract rose RM9 to RM3,960 per tonne, January 2026 gained RM10 to RM3,974 and February 2026 increased RM14 to RM3,990.
The March 2026 contract advanced RM17 to RM3,987 per tonne, while April 2026 rose RM16 to RM3,987 and May 2026 climbed RM16 to RM3,979 per tonne.
Total volume decreased to 70,597 lots from 80,639 on Wednesday, while open interest increased to 271,603 contracts from 270,189 previously.
The physical CPO price for December South increased RM20 to RM4,000 per tonne.
-- BERNAMA
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