CPO FUTURES PARE LOSSES TO END MOSTLY HIGHER

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 15 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded on Wednesday, recovering from two consecutive days of losses to end mostly higher.

Palm oil trader David Ng said that with Indonesia considering an increase in its export tax, Malaysian CPO is gaining a competitive edge, which supports market sentiment.

“Hence, we see prices well supported above RM4,400 a tonne and resistance at RM4,580 a tonne,” he told Bernama

According to reports, lower palm oil imports by India are anticipated to put pressure on Malaysian palm oil futures, while bolstering the United States soybean oil futures.

It said India’s palm oil imports in September fell to their lowest level since May, as refiners shifted towards cheaper soyoil, whose shipments reached a more than three-year high.

“India’s palm oil imports dropped 16.3 per cent to 829,017 tonnes in September, marking the lowest monthly figure since May,” the reports stated.

At the close, the spot-month October 2025 contract slipped RM30 to RM4,320 a tonne, November 2025 rose RM22 to RM4,429 a tonne, while December 2025 and January 2026 gained RM16 each to RM4,477 and RM4,512 a tonne, respectively.

The February and March 2026 contracts each climbed RM13 to RM4,515 and RM4,500 a tonne, respectively.

Total volume dipped to 117,165 lots from 119,170 on Tuesday, while open interest inched up to 281,788 contracts from 278,862 previously.

On the physical market, October South edged up RM10 to RM4,430 a tonne.

-- BERNAMA