CPO Futures Set To Trade Lower Next Week Due To Profit Taking

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 13 (Bernama) -- The crude palm oil (CPO) futures market is expected to trade lower next week due to profit taking, said Interband Group of Companies senior palm oil trader Jim Teh.

He said the high CPO stocks in November 2025, as reported by the Malaysian Palm Oil Board (MPOB) this week, will also affect sentiment.

According to MPOB, Malaysia’s CPO inventory climbed 17.56 per cent to 1.74 million tonnes last month compared to 1.47 million tonnes in October.

“Physical demand will come from India, Pakistan, the European Union, Middle East and the United States,” Teh told Bernama, adding that CPO prices are expected to range between RM3,800 and RM4,000 in the week ahead.

Meanwhile, palm oil trader David Ng expected the CPO futures market to trade with a bearish bias amid persistent concern over rising stock levels in the country.

He projected prices to range between RM3,950 and RM4,100 next week.

On Friday-to-Friday basis, the spot-month December 2025 contract reduced RM115 to RM3,980 per tonne, January 2026 dropped RM132 to RM4,003 per tonne, and February 2026 fell RM134 to RM4,018 per tonne.

The March 2026 contract slid RM140 to RM4,028 per tonne, April 2026 lost RM136 to RM4,035 per tonne, and May 2026 gave up RM134 to RM4,034.

Weekly trading volume surged to 436,257 lots from 293,576 lots last week, while open interest rose to 263,277 contracts from 262,698 contracts a week earlier.

The physical CPO price for December South fell RM120 to RM4,030 a tonne.

-- BERNAMA