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MARKET • 29/08/2025 09:58 PM

CPO Futures End Lower On Weaker Soybean Oil Prices, Seasonal Supply Concerns

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Aug 29 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continue to end lower today on weaker soybean oil prices, a trader said.

Palm oil trader David Ng said market sentiment was also influenced by concerns over rising production, mainly due to seasonality.

“We see support at RM4,350 per tonne and resistance at RM4,500 per tonne,” he told Bernama.

At the close, the spot-month September 2025 contract and October 2025 contract dropped RM67 to RM4,308 per tonne and RM4,347 per tonne respectively, while the November 2025 contract shed RM69 to RM4,380 per tonne.

December 2025 dipped by RM64 to RM4,408 per tonne, January 2026 fell by RM58 to RM4,425 per tonne and February 2026 decreased by RM57 to RM4,417 per tonne.

Volume jumped to 77,969 lots from 53,234 on Thursday, while open interest fell to 253,380 contracts from 253,737.

The physical CPO price for September South dropped RM20 to RM4,370 per tonne.

-- BERNAMA

 

 

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