CPO Futures Post Modest Gains On Bargain Buying

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 30 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed earlier losses to post modest gains on Thursday, supported by bargain hunting, according to palm oil trader David Ng.

“We see support at RM4,200 and resistance at RM4,380 per tonne,” he told Bernama.

At the close, the spot-month November 2025 contract gained RM5 to RM4,217 a tonne, December 2025 increased by RM12 to RM4,240 a tonne, and January 2026 rose RM8 to RM4,260 a tonne.

The February 2026 and March 2026 contracts climbed RM5 each to RM4,275 and RM4,280 a tonne respectively, while April 2026 advanced by RM4 to RM4,272 a tonne.

Total volume tumbled to 82,258 lots from 118,172 lots on Wednesday, while open interest declined to 264,546 contracts from 268,147 contracts previously.

On the physical market, November South remained unchanged at RM4,260 a tonne.

-- BERNAMA