CPO Futures To Trade Sideways Amid Profit-taking Next Week

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Aug 30 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade sideways with a slight bearish bias amid profit-taking activities next week, said palm oil trader David Ng.

Ng told Bernama that prices are likely to range between RM4,300 and RM4,550 per tonne.

Echoing the sentiment, Interband Group of Companies senior palm oil trader Jim Teh said the market next week is expected to see profit-taking as palm oil stocks remain high.

“According to the Malaysian Palm Oil Board (MPOB), Malaysia’s palm oil stock at the end of July rose 4.02 per cent from the previous month to 2.11 million tonnes,” he told Bernama.

He noted that the physical demand will come from China, India, Pakistan, the Middle East and European Union countries.

On a weekly basis, the September 2025 contract fell RM145 to RM4,308 per tonne and October 2025 declined RM151 to RM4,347 per tonne.

The November 2025 contract dropped RM149 to RM4,380 per tonne, December 2025 declined RM138 to RM4,408, while January 2026 eased RM122 to RM4,425 and February 2026 slipped RM111 to RM4,417.

The weekly trading volume decreased to 294,986 lots from 361,870 lots last week, while open interest jumped to 253,380 contracts from 249,263 contracts.

The physical CPO price for September South dropped RM100 to RM4,370.

-- BERNAMA