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.
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