CPO Futures Rebound On Positive India Vegetable Oil Demand Outlook
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Aug 13 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday, supported by a positive outlook on vegetable oil export demand to India.
Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said India’s Solvent Extractors’ Association reported that the country’s palm oil imports in July rose about 50 per cent from the previous month to 730,965 tonnes.
Meanwhile, he said soybean oil imports rose 31 per cent to 498,881 tonnes, and sunflower oil imports increased four per cent to 251,639 tonnes.
“Market sentiment was influenced by reduced CPO supply from El Nino risks,” Sathia told Bernama.
At the close, the spot month August and September 2026 contracts added RM18 to RM4,528 and RM4,608 per tonne, respectively, while the October 2026 contract gained RM27 to RM4,724 per tonne.
The November 2026 contract added RM29 to RM4,805 per tonne, the December 2026 contract was up RM34 to RM4,862 per tonne, and the January 2027 contract strengthened RM36 to RM4,908 per tonne.
Trading volume increased to 136,861 lots from 110,756 lots on Wednesday, while open interest rose to 322,540 contracts from 319,529 contracts previously.
The physical CPO price for August South increased by RM10 to RM4,530 per tonne.
-- BERNAMA