CPO Futures End Higher On Stronger Export Expectations
By K. Naveen Prabu
KUALA LUMPUR, July 9 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, buoyed by expectations of stronger exports in the weeks ahead.
Palm oil trader David Ng said traders anticipate a rise in Malaysia’s palm oil exports soon, likely fuelled by strong demand from major buyers like India.
He said expectations that production growth will be slower than previously anticipated are also helping to lift market sentiment.
“Traders had initially anticipated a faster increase in palm oil production, but now expect output growth to be more moderate, resulting in tighter supply.
“This is helping to support prices and improve market confidence,” Ng told Bernama.
He added that traders will be closely monitoring the Malaysian Palm Oil Board’s (MPOB) June supply and demand report, which is due for release tomorrow.
“We see support at RM4,100 per tonne and resistance at RM4,250,” Ng said.
At the close, the spot-month July contract declined by RM1 to RM4,056 per tonne, August 2025 gained RM4 to RM4,135 per tonne, and September 2025 added RM9 to RM4,157 per tonne.
October 2025 advanced by RM9 to RM4,158 per tonne, November 2025 improved by RM7 to RM4,150 per tonne, and December 2025 increased by RM8 to RM4,151 per tonne.
Trading volume went down to 91,409 lots from 103,674 lots on Tuesday, while open interest increased to 230,203 contracts from 229,490 contracts previously.
The physical CPO price for July South decreased by RM10 to RM4,130 per tonne.
-- BERNAMA