CPO Futures Rebound After Two-day Slide On Bargain Buying

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Dec 5 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a two-day losing streak to close higher on Friday, supported by bargain buying following a bullish recovery in Dalian Commodity Exchange (DCE) refined, bleached, and deodorised (RBD) palm olein futures, a researcher said.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the commodity’s futures prices were also driven by expectations of a resumption in Indian palm oil buying after the washout of some soy oil shipments.

“However, the risk of higher Malaysian palm oil stocks at the end of November, lower Indonesian palm oil export taxes in December and a stronger Malaysian ringgit capped the gains in ringgit-denominated CPO futures. 

“DCE RBD palm olein futures were seen higher during Asian hours today on low import expectations for next year,” Anilkumar told Bernama.

Meanwhile, palm oil trader David Ng also reiterated that CPO futures ended higher due to stronger soybean oil prices as well as the expectation that production is easing in Malaysia.

“We see prices supported above RM4,050 per tonne and resistance at RM4,200 per tonne,” he said.

At the close, the December 2025 contract added RM30 to RM4,095 per tonne, the January 2026 contract gained RM45 to RM4,135 per tonne, and the February 2026 contract increased RM47 to RM4,152 per tonne.

Meanwhile, the March 2026 contract rose RM49 to RM4,168 per tonne, the April 2026 contract edged up RM48 to RM4,171 per tonne, and the May 2026 contract climbed RM46 to RM4,168 per tonne.

Total volume fell to 46,832 lots from 61,647 yesterday, while open interest edged down to 262,698 contracts from 268,825 previously.

The physical CPO price for December South rose by RM50 to RM4,150 per tonne.

-- BERNAMA