CPO Futures Close Higher On Stronger Soybean Oil Prices
KUALA LUMPUR, July 29 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Tuesday on the back of stronger soybean oil prices, according to palm oil trader David Ng.
However, he noted that expectations of rising production and subdued demand are limiting further price gains.
"We see CPO prices supported above RM4,250 and resistance at RM4,400 a tonne," he told Bernama.
At the close, the spot-month August contract gained RM38 to RM4,188 per tonne, September 2025 added RM8 to RM4,231 per tonne, and October 2025 edged up RM12 to RM4,254 per tonne.
The November 2025 contract increased RM16 to RM4,269 per tonne, December 2025 climbed RM19 to RM4,279 per tonne, and January 2026 put on RM21 to RM4,284 per tonne.
Trading volume jumped to 61,890 lots from 48,430 lots on Monday, while open interest slipped to 224,301 contracts from 226,093 contracts previously.
The physical CPO price for July South rose RM10 to RM4,210 per tonne.
-- BERNAMA
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