CPO Futures End Higher On Stronger Export Performance

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, May 20 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Tuesday, backed by stronger export performance, said palm oil trader David Ng.

Stronger Dalian Commodity Exchange palm olein prices also lifted market sentiment, and that “we see support at RM3,800 per tonne and resistance at RM4,000,” he told Bernama.

At the close, the new spot month contract of June 2025 rose RM29 to RM3,920 per tonne, July 2025 increased RM29 to RM3,922, and August 2025 went up RM26 to RM3,908.

The September 2025 note advanced RM23 to RM3,897 per tonne, October 2025 gained RM22 to RM3,894, and November 2025 rose RM20 to RM3,897.

The trading volume increased to 74,851 lots from 56,961 yesterday, while open interest increased to 242,380 contracts from 237,903.

The physical CPO price for June South edged up RM10 to RM3,960 per tonne.

-- BERNAMA