CPO Futures End Higher On Robust Demand From India

By K. Naveen Prabu

KUALA LUMPUR, July 2 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, supported by increased buying from India.

Palm oil trader David Ng said the price advantage of palm oil over soybean oil prompted Indian importers to boost their purchases.

“When soybean oil prices rose during Asian trading, it made traders more confident in palm oil, helping push palm oil prices higher.

“We see support at RM3,950 per tonne and resistance at RM4,150,” he told Bernama.

At the close, the spot-month July contract rose RM92 to RM4,034 per tonne, August 2025 gained RM92 to RM4,055 per tonne, and September 2025 added RM94 to RM4,062 per tonne.

October 2025 advanced RM90 to RM4,063 per tonne, November 2025 climbed RM88 to RM4,065 per tonne, and December 2025 increased RM81 to RM4,074 per tonne.

Trading volume grew to 64,163 lots from 54,076 on Tuesday, while open interest shrank to 224,873 contracts from 269,214 previously.

The physical CPO price for July South increased RM70 to RM4,050 per tonne.

-- BERNAMA