KUALA LUMPUR, Sept 25 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Friday, weighed down by expectations of higher palm oil stocks. Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said CPO futures plunged to a six-week low as higher palm oil production and slower exports led to bigger inventories. “Malaysia’s end-month stocks may rise above three million tonnes in September. “End-month Malaysian palm oil stocks remain the key driver of CPO futures, typically exhibiting an inverse relationship with prices,” he told Bernama Meanwhile, Iceberg X Sdn Bhd proprietary trader David Ng said the […]

KUALA LUMPUR, Sept 19 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade higher next week, supported by expectations of firmer crude oil prices amid ongoing geopolitical tensions. Interband Group of Companies senior palm oil trader Jim Teh said the CPO futures market was tracking movements in crude oil …

KUALA LUMPUR, May 21 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives fell on Thursday amid uncertainty over Indonesia’s export policy, which triggered panic selling, said an analyst. Fastmarkets Palm Oil Analytics managing editor and senior analyst Dr Sathia Varqa said CPO futures declined by RM90 to RM130 across the curve, weighed down by heavy selling after fresh details on Indonesia’s revised export framework. Indonesian President Prabowo Subianto on Wednesday announced plans to centralise key commodity exports to boost state revenues and strengthen control over natural resources. Under the new framework, the government will implement a new […]

KUALA LUMPUR, Sept 12 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade between RM4,400 per tonne and RM4,500 per tonne next week, with profit-taking likely to weigh on the market amid ample palm oil stocks. Interband Group of Companies senior palm oil trader Jim Teh said Malaysia’s palm oil stocks remained high following strong production in August 2026, with the country’s output reaching about 2.8 million tonnes. “We have plenty of CPO stocks; there is no shortage. I think the syndicate speculators will take profit,” he told Bernama. Teh said physical demand would […]

KUALA LUMPUR, June 20 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade within the RM4,200 to RM4,300 per tonne range despite easing tensions in West Asia, said a trader. Interband Group of Companies senior palm oil trader Jim Teh said market players noted that CPO futures had benefited from the geopolitical conflict, as speculative trading activity helped lift energy prices. However, crude oil prices have since retreated to around US$80 per barrel. “As far as palm oil is concerned, it has been one of the beneficiaries of the conflict-driven rally in commodity markets,” […]

KUALA LUMPUR, May 16 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade lower next week, weighed down by high stock levels and profit-taking activities. Interband Group of Companies senior palm oil trader Jim Teh said that according to data from the Malaysian Palm Oil Board (MPOB), Malaysia’s palm oil stocks stood at 2.3 million tonnes in April, higher than the previous month’s level. “Driven by the high stock position, CPO futures are expected to trade on a bearish footing next week due to profit-taking, with prices likely to range between RM4,200 and RM4,350 […] The post CPO Futures Seen Bearish Next Week On High Inventories first appeared on Asia News Today.

KUALA LUMPUR, July 7 (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mixed on Tuesday on caution ahead of the release of the Malaysian Palm Oil Board’s (MPOB) monthly data at the end of the week. Fastmarkets Palm Oil Analytics managing editor and senior analyst Sathia Varqa noted that CPO futures retreated from earlier highs after trading within a wider intraday range during the afternoon session. “Palm oil futures initially rallied on strength across the vegetable oils complex. However, gains were pared ahead of the release of the key MPOB data on July 10, […]

KUALA LUMPUR, Sept 14 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mixed today, as profit-taking emerged after the prices rose earlier in the session, according to an analyst. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures opened the trading week modestly higher, extending buying momentum as traders tracked sharp gains in crude oil prices during Asian trading hours. “However, after advancing further in the second half of the session, the rally lost steam as profit-taking emerged and steep losses in related vegetable oil markets weighed on sentiment, trimming gains across the […]

KUALA LUMPUR, Sept 9 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today on profit-taking as the market lost momentum, according to industry experts. Destination demand has slowed, and palm oil is at a tight spread over soybean oil, shifting demand to soybean oil. Mumbai-based Sunvin Group commodity research head …

KUALA LUMPUR, Sept 7 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Monday, supported by stronger crude oil prices and gains in palm olein futures on China’s Dalian Commodity Exchange (DCE). Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said expectations of production risks due to seasonal and …

KUALA LUMPUR, Sept 6 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to see profit-taking next week amid high stock levels in Malaysia and Indonesia, said a dealer. Interband Group of Companies senior palm oil trader Jim Teh said CPO futures are expected to trade between RM4,500 and RM4,600 per …

KUALA LUMPUR, Aug 28 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Friday, supported by expectations of weaker output in the medium term amid concerns over the El Nino weather pattern. Iceberg X Sdn Bhd proprietary trader David Ng said concerns over El Nino, which typically brings hotter and drier conditions, have raised expectations that CPO production could weaken in the coming months. “The stronger Chicago Board of Trade (CBOT) soybean oil prices also provided support to market sentiment. “We see prices supported above RM4,800 and resistance at RM4,950,” he told Bernama. […]

KUALA LUMPUR, Aug 26 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Wednesday, tracking the weaker global vegetable oil prices following Malaysia’s public holiday yesterday. The market was closed yesterday for the Maulidur Rasul public holiday. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market was further pressured by the weaker-than-expected Malaysian palm oil export performance for Aug 1-25, coupled with a slower-than-expected pace of production decline. “The absence of fresh demand, amid CPO trading at a premium to gasoil and at par with or above soybean oil prices, also weighed on […]

KUALA LUMPUR, Aug 24 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, weighed down by profit-taking and weaker crude oil prices. At the time of writing, Brent crude fell 1.93 per cent to US$93.03 per barrel. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures …

KUALA LUMPUR, Aug 22 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a bullish bias next week, supported by persistent weather concerns and Indonesia’s B50 biodiesel programme. CPO futures rallied for five consecutive sessions this week, with the benchmark November 2026 contract closing above RM5,000 per tonne …

KUALA LUMPUR, Aug 22 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a bullish bias next week, supported by persistent weather concerns and Indonesia’s B50 biodiesel programme. CPO futures rallied for five consecutive sessions this week, with the benchmark November 2026 contract closing above RM5,000 per tonne on Friday, reflecting strong upward momentum. Iceberg X Sdn Bhd proprietary trader David Ng said persistent weather concerns in key palm oil-producing regions could affect production and tighten supplies, lending support to CPO prices in the near term. “Meanwhile, Indonesia’s B50 biodiesel programme is also […]

KUALA LUMPUR, Aug 21 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Friday, extending gains for a fifth consecutive session, supported by firmer soybean oil futures on the Chicago Board of Trade (CBOT). Iceberg X Sdn Bhd proprietary trader David Ng said higher crude oil prices also lifted market …

KUALA LUMPUR, Aug 20 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday, extending gains for a fourth consecutive session. The market was supported by stronger soybean oil prices on the Chicago Board of Trade (CBOT) and concerns over future supply, said Iceberg X Sdn Bhd proprietary trader David Ng. He said CPO continued to gain upside momentum, with prices potentially testing RM5,000 per tonne. “Market sentiment remains well supported by higher soybean oil prices and persistent weather-related concerns over production. Recent strength in exports has also added to the positive price momentum,” Ng […]

KUALA LUMPUR, Aug 18 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Tuesday, extending gains on stronger soybean oil prices on the Chicago Board of Trade (CBOT) and firmer crude oil prices, according to Iceberg X Sdn Bhd proprietary trader David Ng. He said the benchmark November 2026 contract rallied for another session, breaching the RM4,850-per-tonne level. “Persistent concerns over weather extremes and the potential impact of the El Niño phenomenon in the coming months on CPO production are also seen as near-term price drivers. “We see prices well supported at RM4,800, with resistance […]

KUALA LUMPUR, Aug 15 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to remain supported next week as the market continues to price in expectations of tighter supply from November onwards. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said traders are aggressively factoring the anticipated supply tightness into CPO futures prices. “The main data to watch are the Aug 1-20 export figures and the Southern Peninsular Palm Oil Millers’ Association’s (SPPOMA) Aug 1-20 production data,” he told Bernama. On a Friday-to-Friday basis, the August 2026 contract increased RM1 to RM4,528 per tonne, while […]

KUALA LUMPUR, Aug 4 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Tuesday amid stronger soybean oil and crude oil prices, said a trader. Iceberg X Sdn Bhd proprietary trader David Ng said the market sentiment was also lifted by a strong demand for palm oil exports from India. “We see prices supported above RM4,560 per tonne and resistance at RM4,750 per tonne,” he told Bernama. Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the rebound in CPO prices was driven by a recovery from the previous two days of […]

KUALA LUMPUR, July 23 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday, driven by stronger crude oil and soybean oil prices amid tensions in West Asia. Iceberg X Sdn Bhd proprietary trader David Ng said CPO prices rallied above RM4,650 per tonne as higher crude oil prices improved the attractiveness of palm oil as a biodiesel feedstock, while gains in soybean oil provided additional support to the edible oils market. “We see prices remaining well supported above RM4,600 per tonne, with immediate resistance at RM4,780 per tonne,” he told Bernama. At the time […]

KUALA LUMPUR, July 3 (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its losses to close lower on Friday, weighed by concerns over rising production and expectations of higher stock levels. Iceberg X Sdn Bhd proprietary trader David Ng said weaker crude oil prices also dampened market sentiment. “We see support at RM4,400 per tonne and resistance at RM4,600 per tonne,” he told Bernama. Meanwhile, Fastmarkets Palm Oil Analytics managing editor and senior analyst Dr Sathia Varqa said CPO futures declined for a second consecutive session on continued profit-taking and expectations of bearish Malaysian […]

KUALA LUMPUR, July 1 (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Wednesday, supported by positive sentiment arising from Indonesia’s implementation of the B50 biodiesel programme. Iceberg X Sdn Bhd proprietary trader David Ng said stronger export performance in June also supported market sentiment. “We see prices supported above RM4,500 per tonne, with resistance at RM4,680,” he told Bernama. At the close, the spot month July 2026 contract rebounded RM11 to RM4,485 per tonne, August 2026 increased RM10 to RM4,528 and September 2026 gained RM11 to RM4,557 per tonne. Meanwhile, October 2026 […]

KUALA LUMPUR, June 29 (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Monday, tracking the rally in soybean oil futures on the Chicago Board of Trade (CBOT). Iceberg X Sdn Bhd proprietary trader David Ng said the recent stronger export performance also lifted market sentiment. “We see prices supported above RM4,500 and resistance at RM4,680,” he told Bernama. At the close, the spot month July 2026 contract, as well as the August 2025 note, increased RM19 to RM4,523 and RM4,558 per tonne, respectively. The September 2026 contract gained RM20 to RM4,588 while […]