Higher Output Expectations Drag CPO Futures Lower

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 3 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Wednesday on expectations of rising output and higher stock levels.

Palm oil trader David Ng noted that weaker soybean oil prices also weighed on market sentiment.

“We see prices supported at RM4,350 and resistance at RM4,520,” he told Bernama.

At the close, the spot-month September 2025 contract fell RM21 to RM4,362 a tonne, while October 2025 and November 2025 contracts declined RM34 each to RM4,404 and RM4,442, respectively.

The December 2025 contract weakened RM27 to RM4,472 a tonne, January 2026 eased RM24 to RM4,485, and February 2026 decreased RM20 to RM4,477.

Volume rose to 67,415 lots from 59,839 on Tuesday, while open interest was slightly lower at 253,198 contracts against 254,494 previously.

The physical CPO price for September South was down by RM20 to RM4,400 per tonne.

-- BERNAMA