CPO Futures End Lower On Cautious Trading Ahead of Long Weekend

By K. Naveen Prabu

KUALA LUMPUR, April 30 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, weighed by cautious trading ahead of a long weekend, an analyst said. 

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the market retreated from morning gains as traders turned defensive in view of the extended closure of China’s Dalian Commodity Exchange (DCE) market.

“With a holiday period coming, traders prefer to reduce risk. They may close positions instead of holding them when markets are shut, because unexpected news could move prices when trading is closed.” he told Bernama.

At the close, the May 2026 contract slipped RM1 to RM4,504 per tonne, the June 2026 contract fell RM5 to RM4,540 per tonne, and the July 2026 contract declined RM8 to RM4,570 per tonne.

The August 2026 contract dropped RM16 to RM4,588 per tonne, the September 2026 contract eased RM22 to RM4,599 per tonne, and the October 2026 contract shed RM20 to RM4,609 per tonne.

Trading volume increased to 84,955 lots from 73,968 lots on Wednesday, while open interest went up to 259,891 contracts from 256,779 contracts previously.

The physical CPO price for May South decreased RM10 to RM4,550 per tonne.

The market will be closed on May 1 in conjunction with the Labour Day public holiday.

-- BERNAMA