CPO Futures End Lower Amid Rising Palm Oil Stocks

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 14 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, pressured by rising domestic palm oil stock and a decline in the soybean oil market on the Chicago Board of Trade (CBOT).

Palm oil trader David Ng said market sentiment was further dampened by renewed concerns over trade tensions between the United States and China.

"Hence, we see support for CPO prices at RM4,400 per tonne and resistance at RM4,580 per tonne," he told Bernama.

Meanwhile, data from the Southern Peninsular Palm Oil Millers Association (SPPOMA) showed that palm oil production for the Oct 1–10 period rose by 6.59 per cent, adding to the downward pressure on prices.

At the close, the spot-month October 2025 contract slipped RM70 to RM4,350 a tonne, while November 2025 dipped RM46 to RM4,407 a tonne, and December 2025 dropped RM38 to RM4,461.

The January 2026 contract weakened RM27 to RM4,496 a tonne, February 2026 narrowed RM23 to RM4,502, while March 2026 was RM21 lower at RM4,487.

Total volume rose to 119,170 lots from 95,626 on Monday, while open interest inched up to 278,862 contracts from 277,517 previously.

On the physical market, October South fell RM30 to RM4,420 a tonne.

-- BERNAMA