CPO Futures End Lower On Soft Demand Outlook

By Abdul Hamid A Rahman

KUALA LUMPUR, Jan 2 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed easier on the first trading day of 2026, weighed down by concerns over weak demand in the coming weeks.

Kuala Lumpur-based proprietary trader David Ng of Iceberg X Sdn Bhd said demand has yet to pick up as many traders and investors are currently on leave. “Moreover, lower soybean oil prices on the Chicago Board of Trade (CBOT) also kept pressure on CPO futures,” he told Bernama.

Ng said support is seen at RM3,900 per tonne, while resistance is pegged at RM4,100.

At the close, the January 2026 contract fell RM44 to RM3,954 per tonne, February 2026 slipped RM55 to RM3,980, and March 2026 slid RM59 to RM3,991.

The April 2026 contract fell RM60 to RM3,999 per tonne, May 2026 dipped RM59 to RM3,997, and June 2026 declined RM53 to RM3,994.

Trading volume dropped to 30,105 lots from 47,655 lots on Wednesday, while open interest rose to 259,181 contracts from 258,194 contracts previously.

The physical CPO price for January South fell RM30 to RM4,000 per tonne.

Bursa Malaysia Derivatives resumed trading today after being closed yesterday for the New Year celebration.

-- BERNAMA