Kuala Lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today due to concerns over rising production, according to palm oil trader David Ng. He indicated that weaker soybean oil prices on the Chicago Board of Trade during Asian trading hours also weighed on market sentiment.

According to BERNAMA News Agency, Ng explained that the increase in production is primarily attributed to seasonality. He noted that prices are expected to find support at RM3,800 per tonne, with resistance anticipated at RM4,000 per tonne. At the close of trading, the spot-month June 2025 and July 2025 contracts saw a decrease of RM42 each, settling at RM3,904 per tonne and RM3,923 per tonne, respectively. The August 2025 contract also fell by RM45 to RM3,903 per tonne, while September 2025 and October 2025 declined by RM47 each to RM3,890 per tonne and RM3,886 per tonne, respectively. Additionally, November 2025 saw a reduction of RM40 to RM3,891 per tonne.

The trading volume showed improvement, rising to 64,761 lots from 59,422 lots the previous day. Open interest slightly increased to 245,562 contracts from 245,345 contracts previously. The physical CPO price for June South decreased by RM50 to RM3,950 per tonne.