CPO Futures End Higher, Tracking Gains In Soybean Oil Market

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, May 5 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continue to close higher on Tuesday, supported by higher soybean oil, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng said the expectation of lower stockpiles is also supporting market sentiment.

“We see prices supported above RM4,600 per tonne and resistance at RM4,750,” he told Bernama.

At the close, the May 2026 and July 2026 contracts rose RM88 each to RM4,642 and RM4,710 per tonne, respectively, and June 2026 climbed RM91 to RM4,681.

The August 2026 contract increased RM83 to RM4,721 per tonne, September 2026 added RM76 to RM4,722 and October 2026 gained RM69 to RM4,720.

Trading volume recovered to 91,276 lots from 53,253 on Monday, while open interest rose to 273,309 contracts from 264,144 previously.

The physical CPO price for May South advanced RM50 to RM4,650 per tonne.

-- BERNAMA