By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, March 3 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday, weighed down by weaker prices on Dalian palm olein, said palm oil trader David Ng.
He said concerns over sluggish demand in the weeks ahead also influenced market sentiment.
“We expect the CPO price to find support at RM4,430 per tonne and resistance at RM4,600 per tonne,” he told Bernama.
At the close, the March 2025 contract trimmed RM47 to RM4,682 per tonne, April 2025 lost RM60 to RM4,585 per tonne, and May 2025 decreased RM70 to RM4,484 per tonne.
Meanwhile, June 2025 declined RM73 to RM4,382 per tonne, July 2025 dropped RM74 to RM4,290 per tonne, and August 2025 slipped RM71 to RM4,231 per tonne.
Trading volume declined to 50,914 lots from 76,860 lots yesterday, while open interest eased to 241,061 contracts compared to 241,330 contracts previously.
The physical CPO price for March South fell RM40 to RM4,800 per tonne.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
