CPO Futures End Higher On Stronger Soybean Oil, Crude Prices
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 10 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Friday, supported by firmer soybean oil and crude oil prices, said palm oil trader David Ng.
He said the gains were mainly driven by a recovery in market sentiment.
“We see support at RM4,150 per tonne and resistance at RM4,300 per tonne,” he told Bernama.
At the close, the April 2025 contract rose RM17 to RM4,461 per tonne, May 2025 increased RM130 to RM4,461, and June 2025 gained RM133 to RM4,333.
The July 2025 contract added RM211 to RM4,333 per tonne, August 2025 climbed RM140 to RM4,212, and September 2025 rose RM168 to RM4,212 per tonne.
Trading volume expanded to 171,390 lots from 90,966 lots on Thursday, while open interest rose to 486,398 contracts from 247,188 previously.
The physical CPO price for April South fell RM30 to RM4,520 per tonne.
-- BERNAMA