CPO Futures To Trade With Bearish Bias Next Week Amid Rising Stock Levels
By K. Naveen Prabu
KUALA LUMPUR, Dec 20 (Bernama) -- The crude palm oil (CPO) futures are expected to trade with a bearish bias next week, weighed down by rising stock levels.
Palm oil trader David Ng said weak demand from buyers is also likely to limit gains in the CPO market.
“We expect prices to range between RM3,800 and RM4,050 per tonne next week,” he told Bernama.
On a Friday-to-Friday basis, the spot-month December 2025 contract reduced RM88 to RM3,892 per tonne, January 2026 dropped RM99 to RM3,904 per tonne, and February 2026 fell RM113 to RM3,905 per tonne.
The March 2026 contract slid RM117 to RM3,911 per tonne, April 2026 lost RM119 to RM3,916 per tonne, and May 2026 gave up RM120 to RM3,914 per tonne.
Weekly trading volume decreased to 408,456 lots from 436,257 lots last week, while open interest rose to 276,507 contracts from 263,277 contracts a week earlier.
The physical CPO price for December South fell RM80 to RM3,950 a tonne.
-- BERNAMA
