By Abdul Hamid A Rahman and K Naveen Prabu
KUALA LUMPUR, June 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher today, with ongoing tensions between Israel and Iran contributing to market volatility, particularly in the oil and energy sectors.
Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the uptrend was also supported by stronger Chinese vegetable oil prices during Asian trading hours.
“Nonetheless, the palm oil market remains broadly supported amid stagnant production this month,” he told Bernama.
However, he noted that gains were capped by the absence of Chicago Board of Trade soyabean oil futures due to the Juneteenth holiday, weak buying interest from destination markets, and reduced demand from India.
At the close, the new spot-month July contract fell RM7 to RM4,078 per tonne, while August 2025 remained unchanged at RM4,099 per tonne and September 2025 rose RM4 to RM4,104 per tonne.
October 2025 increased RM6 to RM4,099 per tonne, November 2025 was up RM10 to RM4,099 per tonne, and December 2025 added RM13 to RM4,108 per tonne.
Trading volume dropped to 42,836 lots from 67,036 on Wednesday, while open interest slipped to 232,713 contracts from 233,309 previously.
The physical CPO price for July South rose RM30 to RM4,130 per tonne.
-- BERNAMA
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