CPO Futures Close Higher On Strong Export Demand

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Dec 26 (Bernama) -- The crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Friday amid CPO’s stronger export demand numbers, said palm oil trader David Ng.

He said CPO’s weaker production estimates also weighed on the sentiment.

“We see prices supported at RM4,000 per tonne and resistance at RM4,150 per tonne,” he told Bernama.

At the close, the January 2026 contract increased by RM50 to RM4,060 per tonne, February 2026 added RM53 to RM4,082 per tonne, and March 2026 climbed by RM52 to RM4,089 per tonne.

The April 2026 contract was up by RM49 to RM4,085 per tonne, May 2026 rose RM44 to RM4,072 per tonne, and June 2026 advanced RM37 to RM4,049.

Total volume fell to 50,937 lots from 57,393 on Wednesday, while open interest slid to 257,694 contracts from 262,197 previously.

The physical CPO price for January South surged by RM70 to RM4,080 per tonne.

-- BERNAMA