CPO Futures End Lower Amid Ongoing West Asia Peace Talk

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, May 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Friday, as markets continue to focus on the ongoing West Asia peace talks, a trader said.

At the same time, he said fundamentals in the palm oil sector are also weighing on prices, with expectations of improving supply and relatively softer demand creating additional downward pressure on the market.

“Further tensions can keep prices supported or prompt a knee-jerk rise,” he told Bernama.

At the close, the May 2026 contract slid RM13 to RM4,478 per tonne, June 2026 slipped RM35 to RM4,472, and July 2026 dropped RM36 to RM4,505.

The August 2026 contract reduced by RM34 to RM4,521 per tonne, September 2026 decreased RM32 to RM4,526 and October 2026 was down by RM24 to RM4,532.

Trading volume slipped to 86,804 lots from 90,258 lots on Thursday, while open interest eased to 281,027 contracts from 283,723 contracts previously.

The physical CPO price for May South stood at RM4,550 per tonne.

-- BERNAMA