CPO Futures End Higher On Stronger Edible Oil Markets
KUALA LUMPUR, July 14 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, supported by gains in palm olein and soybean oil on China's Dalian Commodity Exchange (DCE).
Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said the market opened sharply higher, with the most-active September contract reaching a three-month high, as stronger edible oil prices on the DCE boosted buying interest.
'Although exports appear to have declined in the first half of July, traders are optimistic about increased purchases from India ahead of the Deepavali festive season in October,' he told Bernama.
Palm oil trader David Ng also attributed the day's gains to strength in external markets.
'CPO ended higher on stronger soybean oil and crude oil prices, which continue to influence sentiment across the broader vegetable oil complex.
'We see prices supported well above at RM4,150 per tonne and resistance at RM4,280,' Ng said.
At the close, the spot-month July contract rose RM39 to RM4,109 per tonne, August 2025 added RM39 to RM4,183 per tonne, and September 2025 gained RM56 to RM4,230 per tonne.
October 2025 climbed RM64 to RM4,241 per tonne, November 2025 advanced RM62 to RM4,236 per tonne, and December 2025 increased RM56 to RM4,231 per tonne.
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