CPO Futures Expected to Trade Steadily as Traders Await Export Estimates

Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to maintain a steady trading pattern, with traders closely observing forthcoming export estimate figures, a trader revealed.

According to BERNAMA News Agency, palm oil trader David Ng indicated that the upcoming data from cargo surveyors would likely offer a clearer picture for market sentiment and pricing trends in the coming week. Ng projected that the prices would fluctuate between RM4,050 and RM4,250 per tonne.

On a weekly basis, the December 2025 contract experienced an increase of RM18, reaching RM4,100 per tonne. Similarly, the January 2026 contract rose by RM19 to RM4,128 per tonne, February 2026 saw an increase of RM8 to RM4,145 per tonne, and March 2026 edged up by RM2 to RM4,159 per tonne. In contrast, the November 2025 contract saw a decline of RM145, settling at RM3,935 per tonne, while April 2026 fell slightly by RM1 to RM4,167 per tonne.

Weekly trading volume saw a decrease, dropping to 402,878 lots from 487,131 lots in the previous week. However, open interest saw a slight increase, moving up to 269,476 contracts from 264,821 contracts previously. Additionally, the physical CPO price for November South decreased by RM40 to RM4,080 per tonne.