CPO FUTURES LIKELY TO TRADE SIDEWAYS NEXT WEEK AMID PROFIT-TAKING

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Oct 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade sideways with a slight bearish bias next week amid profit-taking activities, said Interband Group of Companies senior palm oil trader Jim Teh.

He said prices are likely to move between RM4,300 and RM4,550 per tonne.

“As for physical demand, as usual, it will come from China, India, Pakistan, Middle Eastern countries, and some European Union buyers,” Teh told Bernama.

On a weekly basis, the new spot-month November 2025 contract decreased RM57 to RM4,382 a tonne, while December 2025 erased RM73 to RM4,403 a tonne, and January 2026 slipped RM91 to RM4,422 a tonne.

February 2026 dropped RM92 to RM4,435 a tonne, March 2026 edged down RM86 to RM4,432 a tonne, while April 2026 dwindled RM76 to RM4,420 a tonne.

Weekly trading volume fell to 361,379 lots from 510,118 lots last week, while open interest decreased to 256,714 contracts from 289,323 previously.

The physical CPO price for November South remained unchanged at RM4,440 a tonne.

-- BERNAMA