By Danni Haizal Danial Donald
KUALA LUMPUR, March 13 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives close higher for the third consecutive day on Friday, mainly due to strengthening crude oil prices.
Iceberg X Sdn Bhd proprietary trader David Ng said palm oil production may be affected in the medium term due to a possible El Niño effect, further supporting market sentiment.
“Hence, we see support at RM4,450 per tonne and resistance at RM4,680 per tonne,” he told Bernama.
At the close, the March 2026 contract gained RM100 to RM4,525 per tonne, April 2026 rose RM28 to RM4,539 per tonne, while May 2026 improved RM31 to RM4,572 per tonne.
The June 2026 contract rose RM36 to RM4,572 per tonne, July 2026 increased RM40 to RM4,554 per tonne, while August 2026 advanced RM43 to RM4,523 per tonne.
Trading volume fell to 133,307 lots from 137,656 on Thursday, while open interest slid to 225,355 contracts from 229,441contracts previously.
The physical CPO price for March South remained unchanged at RM4,500 per tonne.
-- BERNAMA
