LATEST NEWS   Canada aims to increase non-US exports by 50 per cent within the next decade, with a substantial proportion expected to go to ASEAN — PM Carney | Canada seeks to deepen partnerships with ASEAN member states, particularly in energy, modular reactors, defence, and investments - PM Carney | ASEAN’s "Inclusivity and Sustainability" growth agenda aligns with Canada’s approach and will support its economic diversification away from overreliance on a single trading partner - PM Carney | Canada looking forward to concluding ASEAN-Canada FTA next year - PM Carney | ASEAN-Japan cooperation anchored in trust, shared values, decades of partnership - PM Anwar | 
MARKET • 22/08/2025 09:30 PM

CPO Futures End Higher In Line With Soybean Oil Gains

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Aug 22 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Friday following gains in the soybean oil market, a trader said.

Palm oil trader David Ng said recent strong CPO export performance also lifted sentiment.

“We see price support at RM4,500 (per tonne) and the next price resistance at RM4,680,” he told Bernama.

At the close, the spot-month September 2025 contract jumped by RM62 to RM4,453 per tonne. 

Meanwhile, the October 2025, November 2025 and December 2025 contracts rose RM69 each to RM4,498, RM4,529, and RM4,546 per tonne, respectively.

The January 2026 and February 2026 contracts increased RM66 each to RM4,547 and RM4,528 per tonne, respectively.

Volume grew to 67,090 lots from 59,539 lots on Thursday, while open interest narrowed to 249,263 contracts from 250,917 contracts previously.

The physical CPO price for September South gained RM40 to RM4,470 per tonne.

-- BERNAMA

 

 

 

More News

Categories

Tags