CPO Futures End Lower, Tracking Softer Crude and Soybean Oil Prices
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, June 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Friday, weighed down by weakness in the crude oil and soybean oil prices on the Chicago Board of Trade (CBOT), a trader said.
At the time of writing, the Brent crude oil price has fallen 2.67 per cent to US$88.08 per barrel.
Speaking to Bernama, he said the recent softer export performance also weighed down on market sentiment.
“We see prices supported above RM4,400 per tonne and resistance at RM4,580,” he told Bernama.
At the close, the June 2026 and July contracts eased RM74 to RM4,387 and RM4,435 per tonne, while the August 2026 contract slipped RM76 to RM4,475 per tonne.
The September 2026 contract went down RM81 to RM4,511 per tonne, the October 2026 contract shed RM88 to RM4,544 per tonne, and the November 2026 contract narrowed by RM90 to RM4,571 per tonne.
Trading volume jumped to 119,170 lots from 59,067 on Thursday, while open interest leapt to 283,51 contracts from 277,876 previously.
Meanwhile, the physical CPO price for June South was down by RM50 at RM4,470 per tonne.
-- BERNAMA