CPO Futures Extend Gains To Above RM4,500 On Weaker Output Outlook

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued to close higher on Wednesday, rising above RM4,500 a tonne on anticipation of weaker output in the coming weeks.

Palm oil trader David Ng said news of Indonesia’s further testing of the B50 biodiesel programme also lifted market sentiment higher. “We see support at RM4,500 a tonne and resistance at RM4,650 a tonne,” he told Bernama.

At the close, the spot-month October 2025 contract, and the November 2025 note added RM62 each to RM4,468 and RM4,506 a tonne, respectively. The December 2025 and January 2026 contracts gained RM75 each to RM4,545 and RM4,563 a tonne, respectively, while the February 2026 contract gained RM69 to RM4,552 a tonne. The March 2026 contract added RM53 to RM4,514 a tonne.

Total volume rose to 127,995 lots from 55,737 lots on Monday, while open interest increased to 277,380 contracts from 276,188 previously.

At the physical market, October South rose RM30 to RM4,470 a tonne.

-- BERNAMA