CPO Futures End Mostly Lower On Softer Energy, Soybean Oil Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 6 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower on Thursday on weaker energy and soybean oil prices, said a trader.

Iceberg X Sdn Bhd proprietary trader David Ng said expectations of rising output and higher stock levels in the country also weighed on sentiment.

“We see prices supported above RM4,650 per tonne and resistance at RM4,780 per tonne,” he told Bernama.

At the close, the September 2026 contract fell RM21 to RM4,625 per tonne, the October 2026 contract dropped RM16 to RM4,686 per tonne, the November 2026 contract slid RM12 to RM4,733 per tonne, the December 2026 slipped RM8 to RM4,775 per tonne, and the January 2026 contract inched down RM2 to RM4,815 per tonne.

Meanwhile, the August 2026 contract added RM15 to RM4,534 per tonne.

Trading volume decreased to 85,066 lots from 109,598 lots on Wednesday, while open interest climbed to 312,050 contracts from 309,063 contracts previously.

 The physical CPO price for August South fell RM20 to RM4,540 per tonne. 

-- BERNAMA