CPO Futures End Mostly Lower, Tracking Loss In Soybean Oil
By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, June 15 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mostly lower on Monday, tracking losses in soybean oil.
However, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said CPO futures had shown “remarkable resilience,” recovering from early losses instead of falling further.
He said concerns over increased selling of Indonesian palm oil are “likely” easing after reports Indonesia’s commodity export agency will focus on monitoring key raw material export prices rather than intervening in trade. “Further, there will be a meeting regarding Indonesian B650 biodiesel allocations, and it will guide the future course of price action in palm oil,” he told Bernama.
At the close, the June 2026 contract gained RM19 to RM4,406 per tonne, but the July contract eased RM23 to RM4,412, while August 2026 and November 2026 notes slid RM24 each to RM4,451 and RM4,547, respectively.
The September 2026 contract went down RM26 to RM4,485 per tonne, and the October 2026 contract shed RM29 to RM4,515.
Trading volume dropped to 72,726 lots from 119,170 on last Friday, while open interest fell to 281,385 contracts, from 283,513 previously.
Meanwhile, the physical CPO price for June South was down by RM40 at RM4,430 per tonne.
-- BERNAMA