CPO Futures End Higher On Anticipation Of Weaker Production

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Jan 21 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued to end higher on Wednesday, driven by expectations of weaker production, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said CPO prices were also driven by strong seasonal demand ahead of the Lunar New Year next month.

“We see prices supported above RM4,080 a tonne, with resistance at RM4,200 a tonne,” he told Bernama.

Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the CPO futures price was higher due to a shift in market sentiment, supported by short-term positive fundamentals such as higher exports and lower production.

He said it is also driven by sustained buying interest, lifting the most active April contract to an eight-week high.

At the close, the February 2026 contract rose RM46 to RM4,112 per tonne, March 2026 added RM58 to RM4,142 per tonne, and April 2026 gained RM60 to RM4,154 per tonne.

The May 2026 and June 2026 contracts increased RM59 to RM4,155 per tonne and RM4,149 per tonne, respectively, and July 2026 firmed RM54 to RM4,138 per tonne.

Trading volume rose to 67,587 lots from 61,658 lots on Tuesday, while open interest decreased to 239,347 contracts from 243,700 previously.

The physical CPO price for February South rose RM30 to RM4,130 per tonne.

-- BERNAMA