CPO FUTURES LIKELY TO TRADE RANGE-BOUND NEXT WEEK

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Nov 1 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound next week amid profit-taking and window-dressing activities as the year heads to a close, a trader said.

Interband Group of Companies senior palm oil trader Jim Teh said the market is likely to see a “yo-yo” trading pattern throughout November as investors adjust positions, with prices expected to hover between RM4,000 and RM4,100 per tonne.

“Stock levels in both Malaysia and Indonesia remain ample, while demand will come from China, India, Pakistan, the Middle East, the European Union, and the United States,” he told Bernama.

On a weekly basis, the new spot-month November 2025 contract decreased RM197 to RM4,185 a tonne, December 2025 erased RM210 to RM4,193 a tonne, and January 2026 fell RM215 to RM4,207 a tonne.

February 2026 dropped RM213 to RM4,222 a tonne, March 2026 lost RM204 to RM4,228 a tonne, and April 2026 retreated RM200 to RM4,220 a tonne.

Weekly trading volume rose to 469,530 lots from 361,379 lots last week, while open interest widened to 264,770 contracts from 256,714 previously.

The physical CPO price for November South dropped by RM200 at RM4,240 a tonne.

-- BERNAMA