CPO Futures End Higher Amid Positive Export Outlook
By K. Naveen Prabu
KUALA LUMPUR, July 8 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, supported by expectations of stronger exports in the coming weeks.
Palm oil trader David Ng said the market was buoyed by optimism that firm demand from India would continue, supporting export performance in the near term.
“India is one of the largest importers of Malaysian palm oil, and when it increases purchases, it boosts Malaysia’s export figures and supports prices,” he told Bernama.
Ng highlighted that recent expectations of slower-than-anticipated production growth are also fuelling positive sentiment in the market.
“We see support at RM4,080 per tonne and resistance at RM4,200,” he said.
At the close, the spot-month July contract rose RM47 to RM4,057 per tonne, August 2025 gained RM69 to RM4,131 per tonne, and September 2025 added RM77 to RM4,148 per tonne.
October 2025 advanced by RM76 to RM4,149 per tonne, November 2025 improved by RM73 to RM4,143 per tonne, and December 2025 increased by RM68 to RM4,143 per tonne.
Trading volume went up to 103,674 lots from 52,221 lots on Monday, while open interest increased to 229,490 contracts from 228,491 contracts previously.
The physical CPO price for July South increased by RM70 to RM4,140 per tonne.
-- BERNAMA