Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, supported by increased buying from India. Palm oil trader David Ng noted that the price advantage of palm oil over soybean oil prompted Indian importers to boost their purchases.

According to BERNAMA News Agency, the rise in soybean oil prices during Asian trading made traders more confident in palm oil, helping to push palm oil prices higher. David Ng mentioned that support is seen at RM3,950 per tonne and resistance at RM4,150.

At the close, the spot-month July contract rose RM92 to RM4,034 per tonne. The August 2025 contract gained RM92 to RM4,055 per tonne, while the September 2025 contract added RM94 to RM4,062 per tonne. October 2025 advanced RM90 to RM4,063 per tonne, November 2025 climbed RM88 to RM4,065 per tonne, and December 2025 increased RM81 to RM4,074 per tonne.

Trading volume grew to 64,163 lots from 54,076 on Tuesday, although open interest shrank to 224,873 contracts from 269,214 previously. The physical CPO price for July South increased RM70 to RM4,050 per tonne.