MARKET • 29/06/2026 09:30 PM

CPO Futures Close Higher On Stronger Soybean Oil Prices

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, June 29 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Monday, tracking the rally in soybean oil futures on the Chicago Board of Trade (CBOT).

Iceberg X Sdn Bhd proprietary trader David Ng said the recent stronger export performance also lifted market sentiment. "We see prices supported above RM4,500 and resistance at RM4,680," he told Bernama.

At the close, the spot month July 2026 contract, as well as the August 2025 note, increased RM19 to RM4,523 and RM4,558 per tonne, respectively.

The September 2026 contract gained RM20 to RM4,588 while the October note rose RM21 to RM4,612 per tonne. The November 2026 and December 2026 contracts climbed RM22 to RM4,633 and RM4,653 per tonne, respectively.

The trading volume fell to 43,096 lots from 89,194 lots on Friday, while open interest rose to 285,102 contracts from 284,997 previously. The physical CPO price for July South added RM20 to RM4,550 per tonne.