Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mixed on Wednesday, largely due to confirmation of Indonesia's export control policy, according to Fastmarkets Palm Oil Analytics managing editor and senior analyst Dr Sathia Varqa.

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng noted that the CPO prices fluctuated from positive to negative amid signs of weakening export demand. The news about Indonesia tightening controls on commodity exports initially boosted market sentiment. However, the gains were later reversed as concerns over weaker export demand emerged.

David Ng mentioned that the market sees prices supported above RM4,500 with resistance at RM4,680. At the close, the June 2026 contract saw a decrease of RM25, settling at RM4,515 per tonne. Similarly, the July 2026 contract eased by RM15 to RM4,556 per tonne, and the August 2026 contract declined by RM2 to RM4,583 per tonne. On the other hand, the September 2026 contract rose RM12 to RM4,601 per tonne, October 2026 added RM23 to RM4,619 per tonne, and November 2026 gained RM29 to RM4,638 per tonne.

Trading volume increased significantly to 164,144 lots from 121,452 lots on Wednesday, while open interest slightly decreased to 283,536 contracts from 284,125 contracts previously. Meanwhile, the physical CPO price for May South was noted to be RM30 lower, standing at RM4,550 per tonne.