CPO Futures Expected To Trade Lower On Profit-taking Next Week
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, April 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trend lower next week amid profit-taking, a trader said.
Speaking to Bernama, Interband Group of Companies senior palm oil trader Jim Teh said prices are likely to trade between RM4,200 per tonne and RM4,300 per tonne.
Additionally, he said the physical demand for the commodity is expected to come from China, Pakistan, India, and possibly several countries in the Middle East and Europe.
On a Friday-to-Friday basis, the May 2026 contract rose RM131 to RM4,517 per tonne, June 2026 gained RM143 to RM4,565 per tonne, and July 2026 was RM147 higher at RM4,597 per tonne.
The August 2026 contract increased RM160 to RM4,617 per tonne, September 2026 leapt RM178 to RM4,627per tonne, and October 2026 surged RM187 to RM4,622 per tonne.
The weekly trading volume increased to 481,774 lots from 429,556 lots last week, while open interest fell to 258,789 contracts from 260,192 contracts previously.
The physical CPO price for May South jumped by RM110 to RM4,570 per tonne.
-- BERNAMA