CPO Futures End Higher On Lower Inventory Expectations

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, April 3 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Friday, boosted by expectations of lower inventories in the coming weeks, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said high demand for the commodity also lifted sentiment.

At the close, the April 2026 contract surged RM60 to RM4,745 per tonne, while the May 2026 contract gained RM46 to RM4,799 per tonne.

June 2026 and July 2026 contracts rose RM48 each to RM4,839 and RM4,844 per tonne, respectively, while August 2026 climbed RM50 to RM4,824 and September 2026 advanced RM52 to RM4,789.

Trading volume fell to 52,194 lots from 80,412 on Thursday, while open interest increased to 252,147 contracts from 249,183.

The physical CPO price for April South inched up RM10 to RM4,760 per tonne.

-- BERNAMA