CPO Futures End Week Sharply Lower On Bearish MPOB Data

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, April 10 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended the week sharply lower after the market digested bearish Malaysian Palm Oil Board (MPOB) data, said Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa.

He said the data pointed to a stronger-than-expected rise in March output and signalled the onset of seasonally higher yields going into the second quarter.

“At the same time, early indications suggest April exports are off to a weak start,” he told Bernama.

The MPOB data released today showed that Malaysia's palm oil inventories slid in March, down for a third straight month and hitting a seven-month low on a surge in exports that more than offset a modest increase in output.

At the close, the April 2026 contract declined RM80 to RM4,491 per tonne, May 2026 contract fell RM110 to RM4,500 per tonne and June 2026 contract eased RM105 to RM4,538 per tonne.

July 2026 contract decreased RM101 to RM4,551 per tonne, August 2026 contract slipped RM96 to RM4,539 per tonne and September 2026 contract dropped RM93 to RM4,520 per tonne.

Trading volume rose to 94,307 lots from 66,606 lots on Thursday, while open interest was higher at 259,223 contracts from 258,033 contracts.

The physical CPO price for April South dropped RM70 to RM4,580 per tonne.

-- BERNAMA