Kuala Lumpur: The crude palm oil (CPO) futures contract closed flat today amid continued concerns over rising output and inventory levels.

According to BERNAMA News Agency, the Malaysian Palm Oil Board (MPOB) report showed that Malaysia produced 1.77 million tonnes of CPO in May, marking an increase of 5.1 per cent from 1.69 million tonnes in the preceding month.

Palm oil trader David Ng commented that the recent strong export performance is expected to support prices in the near term. He indicated support at RM3,800 per tonne and resistance at RM4,000. At the close, the spot-month June and July 2025 contracts each rose by RM1 to RM3,847 and RM3,843 per tonne, respectively, while August 2025 remained unchanged at RM3,839 per tonne.

September 2025 saw a decrease of RM3 to RM3,836 per tonne, while October 2025 fell by RM4 to RM3,836 per tonne, and November 2025 declined by RM4 to RM3,842 per tonne. Trading volume increased to 55,636 lots from 54,747 lots on Wednesday, and open interest also rose to 242,900 contracts from 180,901 contracts previously. The physical CPO price for June South increased by RM10 to RM3,900 per tonne.