Kuala lumpur: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives concluded the week on a lower note, closing on Friday with declines attributed to concerns over weak demand, according to a trader.

According to BERNAMA News Agency, palm oil trader David Ng indicated that an anticipated rise in output in the upcoming weeks and softer soybean prices also impacted market sentiments. Ng stated, "Hence, we see support at RM4,050 per tonne and resistance at RM4,200 per tonne."

Meanwhile, the Malaysian Palm Oil Board (MPOB) reported projections for Malaysia's CPO production in 2025 to exceed the output in 2024. The board anticipates production to surpass 19.5 million tonnes, an increase from 19.3 million tonnes in 2024. Additionally, MPOB expects an increase in Malaysian palm oil exports for 2025, with the final export data to be released in January 2026 during its annual review and outlook conference.

At the market's close, the December 2025 contract fell RM62 to RM4,050 per tonne, January 2026 dropped RM76 to RM4,063 per tonne, and February 2026 decreased RM86 to RM4,069 per tonne. The March 2026 contract declined RM92 to RM4,078 per tonne, April 2026 decreased RM95 to RM4,082 per tonne, and May 2026 recorded a drop of RM90 to RM4,084 per tonne.

The total volume of contracts increased significantly to 121,669 lots from 70,608 lots on Thursday, while open interest rose to 287,400 contracts from 278,925 contracts previously. The physical CPO price for December South narrowed by RM50 to RM4,100 per tonne.