CPO Futures Rebound On Indonesia's B50 Biodiesel Programme Rollout

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 1 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Wednesday, supported by positive sentiment arising from Indonesia's implementation of the B50 biodiesel programme.

Iceberg X Sdn Bhd proprietary trader David Ng said stronger export performance in June also supported market sentiment.

“We see prices supported above RM4,500 per tonne, with resistance at RM4,680,” he told Bernama.

At the close, the spot month July 2026 contract rebounded RM11 to RM4,485 per tonne, August 2026 increased RM10 to RM4,528 and September 2026 gained RM11 to RM4,557 per tonne.

Meanwhile, October 2026 rose RM12 to RM4,581 per tonne, November 2026 improved RM15 to RM4,605 and December 2026 climbed RM17 to RM4,632.

Trading volume fell to 63,855 lots from 75,359 on Tuesday, while open interest eased to 288,117 contracts from 288,947 previously.

The physical CPO price for July South added by RM20 to RM4,520 per tonne.

-- BERNAMA