By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Sept 30 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, impacted by a stronger ringgit that may reduce demand for Malaysian palm oil in the near term.
Palm oil trader David Ng said market sentiment was also affected by lower soybean oil prices.
“We see CPO prices supported above RM4,300 and resistance at RM4,480,” he told Bernama.
It was reported that the ringgit ended higher today on rising concerns over a possible United States government shutdown.
At 6 pm, the local note appreciated to 4.2050/2090 against the greenback compared with Monday’s close of 4.2150/2200.
At the close, the spot-month October 2025 contract fell RM14 to RM4,305 per tonne, the November 2025 contract declined RM31 to RM4,324, and the December 2025 contract eased RM33 to RM4,352.
The January 2026 and February 2026 contracts slipped RM34 each to RM4,376 and RM4,382, respectively, while the March 2026 contract was down RM31 to RM4,369.
Volume rose to 93,836 lots from 52,120 on Monday, while open interest increased to 258,884 contracts from 254,348 previously.
The physical CPO price for October South decreased RM10 to RM4,340 per tonne.
-- BERNAMA
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