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MARKET • 28/05/2025 09:09 PM

CPO Futures Close Higher On Strong Exports, Firm Soybean Oil Prices

By Siti Noor Afera Abu

KUALA LUMPUR, May 28 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, supported by stronger export performance.

Palm oil trader David Ng said that firm soybean oil prices also contributed to the upward movement in CPO prices.

“We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,” he told Bernama.

At the close, the spot month June 2025 contract rose by RM32 to RM3,899 per tonne, July 2025 increased by RM33 to RM3,908 per tonne, and August 2025 went up RM31 to RM3,899 per tonne.

September 2025 was RM28 higher to RM3,890 per tonne, October 2025 gained RM24 to RM3,889 per tonne, and November 2025 rose by RM27 to RM3,893 per tonne.

Trading volume increased to 68,326 lots from 49,593 yesterday, while open interest was slightly lower at 242,428 contracts from 243,185 contracts previously.

The physical CPO price for June South rose by RM20 to RM3,920 per tonne.

-- BERNAMA

 

 

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