By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Aug 27 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Wednesday, ignoring the sell-off in Chicago Board of Trade (CBOT) soybean oil futures overnight and Chinese vegetable oil futures’ sideway moves, said an analyst.
Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said news of the United States (US) exempting Indonesian palm oil from a 19 per cent import tariff provided support.
However, he said the slowdown in destination buying apart from China capped the gains.
It was reported that the US has agreed in principle to exempt Indonesian exports of cocoa, palm oil and rubber from the 19 per cent tariff imposed since Aug 7.
"The abolishment of import taxes on Indonesian palm oil would see a demand boost and help Malaysia as well," he told Bernama.
At the close, the spot-month September 2025 contract was up by RM15 to RM4,412 per tonne, the October 2025 contract inched up RM11 to RM4,451, and November 2025 contract gained RM18 to RM4,488.
December 2025 contract rose RM23 to RM4,512 per tonne, January 2026 firmed by RM29 to RM4,521, and February 2025 added RM31 to RM4,508.
Volume jumped to 73,274 lots from 46,894 on Tuesday, while open interest recovered to 254,938 contracts from 252,058.
The physical CPO price for September South increased by RM20 to RM4,430 per tonne.
-- BERNAMA
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