CPO Futures End Higher On Stronger Soybean Oil Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 22 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Friday, supported by stronger soybean oil prices, said a trader.

Iceberg X Sdn Bhd proprietary trader David Ng said the rise in soybean oil prices supported crude palm oil prices.

He said prices were also supported by expectations of weaker output.

“We see prices supported above RM4,400 and resistance at RM4,580,” Ng told Bernama.

At the close, the June 2026 contract rose RM27 to RM4,430 per tonne, July 2026 contract added RM30 to RM4,463 per tonne and August 2026 gained RM28 to RM4,486 per tonne.The 

September 2026 contract increased RM22 to RM4,502 per tonne, October 2026 contract inched up RM18 to RM4,525 per tonne, and the November 2026 contract was RM15 higher to RM4,552 per tonne.

Trading volume decreased to 76,909 lots from 164,363 lots on Thursday, while open interest eased to 280,499 contracts from 283,022 contracts previously.

The physical CPO price for May South increased by RM30 to RM4,500 per tonne.

-- BERNAMA