CPO Futures End Lower On Profit-taking, Weaker Related Oils
By K. Naveen Prabu
KUALA LUMPUR, Aug 12 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today, weighed by profit-taking and weakness in related vegetable oils.
Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said profit-taking emerged as traders locked in gains after the recent strength in CPO prices.
He said weakness in related vegetable oils also dampened market sentiment.
“When prices of related vegetable oils weaken, palm oil becomes relatively less competitive, as buyers turn to cheaper alternatives,” he told Bernama.
At the close, the August 2026 contract decreased RM52 to RM4,510 per tonne, September 2026 fell RM58 to RM4,590 per tonne, and October 2026 declined RM51 to RM4,697 per tonne.
The November 2026 contract went down RM44 to RM4,776 per tonne, December 2026 slipped RM40 to RM4,828 per tonne, while January 2027 declined RM34 to RM4,872 per tonne.
Trading volume fell to 110,756 lots from 127,603 lots on Tuesday, while open interest eased to 319,529 contracts from 320,164 contracts previously.
The physical CPO price for August South decreased by RM40 to RM4,520 per tonne.
-- BERNAMA