CPO Futures End Lower Amid Weaker Soybean Oil Prices
KUALA LUMPUR, June 25 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, influenced by declining soybean oil prices on the Chicago Board of Trade.
Palm oil trader David Ng told Bernama that concerns over rising output also weighed on market sentiment.
'We see support at RM3,850 per tonne and resistance at RM4,080,' he said.
Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures remained mostly flat to lower in the second half of trading, continuing the subdued performance seen earlier in the day.
'Traders moved cautiously amid the easing of crude oil price risk premiums, following a fragile truce between Israel and Iran.
'Despite solid fundamentals, including higher exports and reduced production, palm futures struggled to gain significant buying momentum as traders remained cautious due to uncertainty in the broader macroeconomic environment,' he said.
At the close, the spot-month July contract fell by RM24 to RM3,939 per tonne, August 2025 declined by RM24 to RM3,958 per tonne, and September 2025 dropped RM18 to RM3,965 per tonne.
October 2025 slipped RM11 to RM3,969 per tonne, November 2025 eased RM6 to RM3,978 per tonne, and December 2025 decreased RM2 to RM3,994 per tonne.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Barnama
35 minutes ago
- Barnama
Perak KPDN To Aid Public With eCOSS Registration At Rahmah MADANI Sales Events
IPOH, July 25 (Bernama) -- The Perak chapter of the Ministry of Domestic Trade and Cost of Living (KPDN) has pledged its full support to assist the public in registering and using the Cooking Oil Price Stabilisation Scheme (eCOSS) system, especially during the Rahmah MADANI Sales Programme (PJRM) across the state. State KPDN director Datuk Kamalludin Ismail said their officers will be stationed at each PJRM location to help facilitate the registration process, particularly for senior citizens and persons with disabilities. 'We understand that some individuals may face difficulties registering for this system, but we guarantee that our personnel at each PJRM site will assist them until the registration is successfully completed,' he said. 'We believe that the eCOSS system, currently in its pilot phase, is not only designed to log the purchase of subsidised cooking oil by eligible recipients, but also to prevent leakages in distribution and ensure that supplies reach the intended beneficiaries,' he told a press conference here today. On July 23, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali announced that the eCOSS system would be expanded into a mobile application to address distribution issues related to the 60,000 tonnes of subsidised packet cooking oil allocated monthly for Malaysians, especially the B40 income group. The eCOSS system is designed to cover the entire supply chain, from distribution to end-user purchase, allowing for greater efficiency and accountability. Kamalludin added that eCOSS enables authorities to detect shortages of packet cooking oil in specific areas early, and to analyse purchasing trends to prevent hoarding or misuse by unauthorised parties. 'The data collected not only helps the government manage supply more effectively, but also ensures transparency and prevents any form of misappropriation in the distribution network,' he said. As of now, he said a total of RM53,488,905.38 in sales has been recorded from 983 PJRM events held across 24 parliamentary and 59 state constituencies in Perak.

Barnama
36 minutes ago
- Barnama
FWD Insurance Sponsors 40 Digital Smartboards For Schools Under PPD Keramat
KUALA LUMPUR, July 25 (Bernama) -- FWD Insurance Berhad (FWD Insurance) has announced a RM400,000 sponsorship to deliver 40 digital smartboards to 35 schools under the Keramat District Education Office (PPD). In a statement, FWD Insurance said the initiative, which aligns with the Ministry of Education's (MOE) digitalisation agenda, aims to equip students with critical financial knowledge and digital learning tools from an early age. The official handover was led by FWD Insurance Chief Executive Officer Mak See Sen, together with Deputy District Education Officer (Curriculum Sector), Mohd Helmy Abdul Najib. 'The smartboard distribution aligns with Thrusts 4 and 6 of MOE Digital Education Policy, which aim to empower strategic partners to equip schools with appropriate infrastructure for the implementation of digital learning. 'The policy also supports Keramat PPD's Bring Your Own Device to School (BYODS) Programme, which has been in place since 2021,' the statement said. To date, the smartboards have already been installed across the participating schools, and students are actively using them in their learning, said FWD Insurance. 'These devices serve as key tools to promote the integration of digital technology and artificial intelligence (AI) into the classroom, further underscoring FWD Insurance's dedication to making financial education accessible to all,' it said. Meanwhile, Mak said it is FWD Insurance's vision to change the way people feel about insurance and to shape children's mindsets toward planning for their financial future. 'We are committed to equipping primary and secondary school students with essential financial literacy skills that will stay with them throughout their lives,' he said.


New Straits Times
3 hours ago
- New Straits Times
Palm tracks Dalian palm olein and Chicago soyoil lower
KUALA LUMPUR: Malaysian palm oil futures opened lower on Friday, erasing all the gains made so far this week, as weakness in Dalian palm olein and Chicago soyoil outweighed support from stronger crude oil prices. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid RM65, or 1.5 per cent, to RM4,265 (US$1,011.14) a metric tonne in early trade. The contract has declined 0.09 per cent so far this week after three straight weeks of gains. Dalian's most-active soyoil contract rose zero point four nine per cent, while its palm oil contract shed zero point six nine per cent. Soyoil prices on the Chicago Board of Trade were down zero point three five per cent. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices rose, buoyed by optimism over a potential trade deal between the US and the European Union and reports of Russian plans to restrict gasoline exports to most countries. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, weakened zero point one four per cent against the US dollar, making the commodity slightly cheaper for buyers holding foreign currencies. Indonesia's palm oil exports are likely to fall to 28 million metric tonnes in 2025 from 29.5 million tonnes shipped a year earlier, the Indonesian Palm Oil Association said. Malaysia's crude palm oil production is likely to rise to 19.5 million tonnes in 2025 from last year's 19.3 million tonnes, as labour supply has improved, the Malaysian Palm Oil Board said. Palm oil may test support at RM4,273 per tonne, a break below which could open the way towards RM4,211, Reuters technical analyst Wang Tao said.