By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Nov 11 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended mostly higher on stronger soybean oil prices, according to a trader.
Palm oil trader David Ng said however that the recent ringgit strength against the US dollar may curb further price appreciation.
“We see prices well supported above RM4,100 and resistance at RM4,280,” he told Bernama.
At 6 pm, the ringgit appreciated by 0.52 per cent to 4.1360/1395 against the US dollar from Monday’s close of 4.1555/1635.
At the close, the December 2025 contract was up by RM18 to RM4,100 per tonne and January 2026 rose RM25 to RM4,137.
The February 2026 contract was up by RM23 to RM4,165 per tonne, March 2026 rose by RM22 to RM4,180 and April 2026 gained RM21 to RM4,186.
However, the spot-month November 2025 contract dropped by RM12 to RM4,068 per tonne.
Total volume surged to 89,319 lots from 57,032 lots on Monday, while open interest inched up to 263,747 contracts from 262,314 contracts previously.
The physical CPO price for November South remain unchanged at RM4,130 a tonne.
-- BERNAMA
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