CPO Futures End Mixed Amid New Buying Activities

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 17 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended mixed on Monday, supported by bargain buying activities after a recent sell-down, said a trader.

Palm oil trader David Ng said market sentiment was further lifted by stronger soybean oil prices. 

“Hence, we see support at RM4,100 per tonne and resistance at RM4,280 per tonne,” he told Bernama.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said India’s strong reduction in fortnightly import tariffs on palm oil and a slightly weaker ringgit have helped CPO futures to recover from an initial setback. 

He highlighted that India has lowered its fortnightly import tariffs on CPO from US$1,113 to US$1,066, resulting in a decrease in net payable import duties compared to a smaller reduction on soybean oil.

Reflecting cautious sentiment in the market, the ringgit edged down to 4.1480/1515 today versus the US dollar from Friday’s close of 4.1290/1345.

Meanwhile, the new spot-month December 2025 contract rose RM18 to RM4,118 per tonne, January 2026 gained RM13 to RM4,141 per tonne, and February 2026 inched up to RM6 to RM4,151 per tonne.

However, both the March and April 2026 contracts eased by RM4 and RM12 each to RM4,155 per tonne, while May 2026 weakened RM13 to RM4,152 per tonne.

Total volume increased to 106,354 lots from 92,204 lots on Friday, while open interest advanced to 271,451 contracts from 269,476 contracts previously.

The physical CPO price for December South climbed RM50 to RM4,130 per tonne.

-- BERNAMA