Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade sideways with a slight bearish bias amid profit-taking activities next week, said palm oil trader David Ng. Ng told Bernama that prices are likely to range between RM4,300 and RM4,550 per tonne.

According to BERNAMA News Agency, Interband Group of Companies senior palm oil trader Jim Teh echoed the sentiment, stating that the market next week is expected to see profit-taking as palm oil stocks remain high. He noted, "Malaysia's palm oil stock at the end of July rose 4.02 per cent from the previous month to 2.11 million tonnes."

Jim Teh also highlighted that physical demand for palm oil will come from China, India, Pakistan, the Middle East, and European Union countries.

On a weekly basis, the September 2025 contract fell RM145 to RM4,308 per tonne, and the October 2025 contract declined RM151 to RM4,347 per tonne. The November 2025 contract dropped RM149 to RM4,380 per tonne, December 2025 declined RM138 to RM4,408, while January 2026 eased RM122 to RM4,425, and February 2026 slipped RM111 to RM4,417.

The weekly trading volume decreased to 294,986 lots from 361,870 lots last week, while open interest jumped to 253,380 contracts from 249,263 contracts. The physical CPO price for September South dropped RM100 to RM4,370.