By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 25 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its decline for the third consecutive day on Tuesday, weighed down by mounting concerns over weak demand in the coming weeks amid the availability of cheaper vegetable oil alternatives, said palm oil trader David Ng.
“We see support at RM4,150 per tonne and resistance at RM4,380 per tonne,” he told Bernama.
At the close, the April 2025 contract eased RM25 to RM4,564 per tonne, the May 2025 contract slid by RM55 to RM4,377, and the June 2025 contract dropped RM60 to RM4,245.
July 2025 decreased by RM52 to RM4,146, August 2025 fell by RM44 to RM4,081 and September 2025 lost RM38 to RM4,045.
Trading volume increased to 103,859 lots from 86,568 during Monday’s close, while open interest rose to 257,257 contracts from 256,611 contracts previously.
The physical CPO price for April South was RM20 lower to RM4,680 per tonne.
-- BERNAMA
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