CPO Futures End Lower On Concerns Over Rising Output

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Feb 5 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today amid concerns over rising output in the coming months, a trader said.

Iceberg X Sdn Bhd proprietary trader David Ng noted that the outlook could lead to higher CPO supply levels and weigh on prices.

“We see CPO prices supported above RM4,150 per tonne, with resistance at RM4,300 per tonne,” he told Bernama.

At the close, the February 2026 and March 2026 contracts shed RM20 each to RM4,121 and RM4,177 per tonne, respectively, and April 2026 dropped RM19 to RM4,206 per tonne.

The May 2026 contract fell RM11 to RM4,214 per tonne, June 2026 slid RM10 to RM4,204, and July 2026 edged down RM3 to RM4,196 per tonne.

Trading volume decreased to 74,745 lots from 74,924 lots on Wednesday, while open interest rose to 219,182 contracts from 217,779 contracts previously.

The physical CPO price for January South eased RM20 to RM4,160 per tonne.

-- BERNAMA