CPO Futures End Lower On Weaker Crude Oil Prices
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, July 2 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday, weighed down by weaker crude oil prices.
Lower crude oil prices generally weigh on CPO prices, affecting biodiesel demand, as biodiesel is a blend of crude oil and palm oil.
At the close, the spot month July 2026 contract fell RM40 to RM4,445 per tonne, while the August 2026 note lost RM50 to RM4,478, and the September 2026 contract shed RM51 to RM4,506.
The October 2026 note dipped RM49 to RM4,532 per tonne, while November 2026 lost RM45 to RM4,560 and December 2026 dropped RM46 to RM4,586.
The trading volume fell to 60,311 lots from 63,855 on Wednesday, while open interest climbed to 288,316 contracts from 288,117 previously.
The physical CPO price for July South was down by RM40 to RM4,480 per tonne.
-- BERNAMA