CPO Futures End Lower On Rising Stock Level

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Sept 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, weighed down by concerns over rising stock levels in the country.

Palm oil trader David Ng said weaker soybean oil and crude oil prices also took a toll on the market sentiment.

“We see support at RM4,400 and resistance at RM4,450 per tonne,” he told Bernama.

On Wednesday, the Malaysian Palm Oil Board (MPOB) reported that Malaysia’s CPO stockpile increased 5.45 per cent to 1.08 million tonnes in August, from 1.02 million tonnes in July.

Meanwhile, processed palm oil stocks grew by three per cent month-on-month to 1.12 million tonnes from 1.09 million tonnes previously.

This pushed total palm oil inventories 4.18 per cent higher to 2.20 million tonnes in August, compared to 2.11 million tonnes in July.

At the close, the spot-month September 2025 contract remained unchanged at RM4,383, the October 2025 contract dropped RM7 to RM4,408, while the November 2025 contract fell RM9 to RM4,445.

The December 2025 contract slipped RM11 to RM4,470 per tonne, January 2026 decreased by RM12 to RM4,482, and February 2026 slid by RM13 to RM4,471.

Volume rose to 78,526 lots from 64,358 on Thursday, while open interest expanded to 263,070 contracts from 256,725 previously.

The physical CPO price for September South fell RM30 to RM4,420 per tonne.

 -- BERNAMA