CPO Futures Close Higher On Soybean Oil, Crude Oil Gains

By K. Naveen Prabu

KUALA LUMPUR, Dec 17 (Bernama) -- The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher today, reversing earlier losses, supported by a recovery in the soybean oil market.

Palm oil trader David Ng said a recovery in the crude oil market also lifted sentiment.

“We see prices supported above (the) RM3,900 (level) and resistance at RM4,100,” he told Bernama.

At the close, the December 2025 contract rose RM4 to RM3,951 per tonne, January 2026 gained RM6 to RM3,964, and the February 2026 contract increased RM4 to RM3,966.

The March, April and May 2026 contracts remained unchanged at RM3,970 per tonne, RM3,971 and RM3,963, respectively.

Total volume decreased to 80,639 lots from 100,271 on Tuesday, while open interest increased to 270,189 contracts from 266,936 previously.

The physical CPO price for December South remained unchanged at RM3,980 per tonne.

-- BERNAMA