By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, May 22 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, tracking weakness in the soybean oil market, said palm oil trader David Ng.
He noted that market sentiment was also weighed down by concerns over rising output in the coming weeks.
“We see support at RM3,800 per tonne and resistance at RM3,900,” Ng told Bernama.
At the close, the new spot month of June 2025 fell by RM69 to RM3,822 per tonne. July 2025 declined by RM71 to RM3,833 per tonne, and August 2025 dropped RM74 to RM3,820 per tonne.
September 2025 slipped by RM73 to RM3,809 per tonne, October 2025 was down by RM75 to RM3,803, and November 2025 eased by RM71 to RM3,809 per tonne.
Trading volume declined to 66,842 lots from 79,236 previously, while open interest edged up to 247,462 contracts from 243,689.
The physical CPO price for June South slipped by RM30 to RM3,890 per tonne.
-- BERNAMA
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