CPO Futures Expected To Trade Higher Next Week On Stronger Rival Oils

By Zufazlin Baharuddin

KUALA LUMPUR, June 14 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week, tracking the rise of rival oils such as soybean and crude.

Palm oil trader David Ng said soybean and crude oil prices have risen due to heightened tensions in the Middle East, making palm oil more attractive, which will boost demand for the golden commodity.

“We expect prices to remain strong, driven by persistent demand from key buyers such as China and India, which should help lift market sentiment,” he told Bernama.

Ng projected that CPO prices will trade between RM3,850 per tonne and RM4,000 per tonne next week.

Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said market participants will be closely watching Malaysia’s palm oil export performance for June 1-15 and next week as the data could provide fresh leads for the market.

On a Friday-to-Friday basis, the spot-month June 2025 contract shed RM64 to RM3,847 per tonne and July 2025 slid RM5 to RM3,925.  The August 2025 note added RM10 to RM3,927 per tonne, September 2025 rose RM16 to RM3,922, October 2025 increased RM15 to RM3,914, and November 2025 went up RM11 to RM3,910.

The weekly trading volume advanced to 339,415 lots from 290,679 lots the previous week, while open interest edged up to 244,432 contracts from 241,688 contracts.

The physical CPO price for June South remained unchanged at RM3,960 per tonne.

-- BERNAMA