By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Nov 15 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways, as traders wait for the upcoming export estimate figures, a trader said.
Palm oil trader David Ng said the cargo surveyors' figures would likely provide clearer direction for market sentiment and pricing trends for the week ahead.
“We expect prices to trade between RM4,050 a tonne and RM4,250 a tonne,” he told Bernama.
On a weekly basis, the December 2025 contract gained RM18 to RM4,100 per tonne, January 2026 rose RM19 to RM4,128 per tonne, February 2026 climbed RM8 to RM4,145 per tonne, and March 2026 was up by RM2 to RM4,159 per tonne.
However, November 2025 dropped RM145 to RM3,935 a tonne, and April 2026 fell RM1 to RM4,167 a tonne.
Weekly trading volume slipped to 402,878 lots from 487,131 lots last week, while open interest edged up to 269,476 contracts from 264,821 contracts previously.
The physical CPO price for November South dropped by RM40 to RM4,080 a tonne.
-- BERNAMA
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