By K. Naveen Prabu
KUALA LUMPUR, March 26 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, tracking higher crude oil prices amid the escalation of conflict in West Asia, a trader said.
At the time of writing, Brent crude oil rose 5.33 per cent to US$107.7 per barrel (US$1=RM3.95).
Iceberg X Sdn Bhd proprietary trader David Ng said higher soybean oil prices also supported the market.
“We see CPO prices supported above RM4,500 per tonne, with resistance at RM4,680 per tonne,” he told Bernama.
At the close, the April 2026 contract rose RM56 to RM4,501 per tonne, May 2026 gained RM79 to RM4,574 per tonne, and June 2026 advanced RM87 to RM4,583 per tonne.
The July 2026 contract increased RM88 to RM4,568 per tonne, August 2026 climbed RM85 to RM4,545 per tonne, while September 2026 rose RM83 to RM4,521 per tonne.
Trading volume decreased to 87,914 lots from 90,703 on Wednesday, while open interest went down to 235,513 contracts from 237,177 contracts previously.
The physical CPO price for April South increased RM50 to RM4,550 per tonne.
-- BERNAMA
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