By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Oct 6 (Bernama) -- The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives continued to close lower on Monday amid expectations of a pick-up in production pace, said palm oil trader David Ng.
He said weaker soybean oil prices also added to the downward pressure on prices.
“We see support at RM4,400 and resistance at RM4,550,” he told Bernama.
At the close, the spot-month October 2025 contract fell RM15 to RM4,385 a tonne, the November 2025 contract declined RM10 to RM4,408 a tonne, and the December 2025 contract reduced RM5 to RM4,437 a tonne.
The January 2026 contract slipped RM4 to RM4,453, February 2026 edged down RM1 to RM4,447 a tonne, while March 2026 added RM9 to RM4,425 a tonne.
Total volume fell to 45,567 lots from 62,039 lots on Friday, while open interest decreased to 272,369 contracts from 273,808 previously.
At the physical market, October South rose RM10 to RM4,430 a tonne.
-- BERNAMA
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