By K. Naveen Prabu
KUALA LUMPUR, Sept 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week, supported by expectations of weaker production.
Palm oil trader David Ng said strong export demand will also play a key role in shaping market sentiment.
“We expect CPO prices to trade between RM4,300 and RM4,580 per tonne next week,” he told Bernama.
On a weekly basis, the October 2025 contract fell RM44 to RM4,365 per tonne, the November 2025 contract declined RM29 to RM4,367 per tonne, and the December 2025 contract dropped RM29 to RM4,396 per tonne.
The January 2026 contract eased RM22 to RM4,420 per tonne, and the February 2026 contract slipped RM14 to RM4,420 per tonne, while the March 2026 contract edged up by RM4 to RM4,408 per tonne.
Weekly trading increased to 423,097 lots from 264,468 lots last week, while open interest decreased to 250,893 contracts from 260,581 contracts previously.
The physical CPO price for October South lost RM40 to RM4,360 per tonne.
-- BERNAMA
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