Kuala Lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see limited trading next week due to the Hari Raya Aidilfitri holiday, said Interband Group of Companies senior palm oil trader Jim Teh. He noted that trading would likely range between RM4,000 and RM4,200 per tonne, influenced by profit-taking activities, in light of increased tariffs imposed by United States President Donald Trump on multiple countries, including those in the European Union.

According to BERNAMA News Agency, Teh mentioned that physical stock levels remain stable, with no reported shortages in the market and an adequate supply in Malaysia and Indonesia. Meanwhile, palm oil trader David Ng anticipated a slight downside bias in the market next week due to potential profit-taking activities following the recent price rally. Ng expects prices to trade between RM4,320 and RM4,450 per tonne.

On a Friday-to-Friday basis, the spot-month April 2025 contract rose RM111 to RM4,762 per tonne, while May 2025 and June 2025 increased by RM44 to RM4,551 per tonne and RM4,419 per tonne, respectively. July 2025 advanced by RM52 to RM4,312 per tonne, August 2025 rose by RM62 to RM4,239 per tonne, and September 2025 climbed RM75 to RM4,200 per tonne.

Weekly trading volume increased to 441,127 lots from 364,344 lots last week, while open interest edged up to 258,352 contracts from 256,932 previously. The physical CPO price for March South was RM50 higher at RM4,830 per tonne. Bursa Malaysia and its subsidiaries will be closed on March 31 and April 1 in conjunction with the Hari Raya Aidilfitri public holidays, subject to the official announcement by the Keeper of the Rulers' Seal.