Kuala lumpur: The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower today due to weak demand and rising production.
According to BERNAMA News Agency, palm oil trader David Ng noted that the increase in production levels could potentially raise overall stock levels in the country. "We see support at RM3,950 and resistance at RM4,100," he stated.
At the market close, the December 2025 contract saw an increase of RM20, reaching RM4,000 per tonne. In contrast, the January 2026 contract fell by RM12 to RM3,991, while the February 2026 contract decreased by RM10 to RM4,008. The March 2026 contract dropped by RM15 to RM4,013 per tonne, and the April 2026 contract decreased by RM17 to RM4,018. Meanwhile, the May 2026 contract declined by RM18, settling at RM4,016.
The total trading volume saw a reduction, falling to 75,568 lots from 90,282 lots recorded on Friday. However, open interest rose to 266,480 contracts from the previous 263,277 contracts.