CPO Futures To Trade In RM3,800-RM3,900 Range Next Week -- Interband Group

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Jan 24 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade within the range of RM3,800 to RM3,900 per tonne next week, a trader said.

Interband Group of Companies senior palm oil trader Jim Teh said prices at these levels are likely to attract physical buyers from India, China, Pakistan, the Middle East, the European Union and the United States, helping to reduce Malaysia’s currently high physical inventory levels.

“So, it’s kind of a win-win basis. If it goes down to RM3,800-RM3,900 a tonne, we will see real physical buyers ready to buy at these prices,” he told Bernama.

Meanwhile, Kuala Lumpur-based proprietary trader David Ng of Iceberg X Sdn Bhd expects CPO futures to trade with a bullish bias given the recent export strength and anticipation of weaker output in the coming weeks.

“We anticipate prices to be between RM4,080 and RM4,200 a tonne next week,” he said.

On a Friday-to-Friday basis, the February 2026 increased RM71 to RM4,128 per tonne, March 2026 rose RM92 to RM4,164 per tonne, and April 2026 contract gained RM96 to RM4,175 per tonne.

May 2026 contract strengthened RM90 to RM4,172 per tonne, June 2026 climbed RM84 to RM4,161 per tonne, and July 2026 contract stood at RM4,149 per tonne.

The weekly trading volume fell to 333,697 lots from 539,268 lots last week, while open interest decreased to 228,950 contracts from 249,340 contracts previously.

The new physical CPO price for January South rose RM90 to RM4,140 a tonne.

-- BERNAMA