By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Nov 25 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, pressured by concerns over weak demand and expectations of rising output in the coming weeks.
Palm oil trader David Ng said market sentiment was also dampened by softer soybean oil prices.
“We see support at RM3,900 per tonne and resistance at RM4,080 per tonne,” he told Bernama.
At the close, the December 2025 contract slipped RM67 to RM3,974 per tonne, January 2026 dropped RM66 to RM3,984 per tonne, and February 2026 fell RM65 to RM3,990 per tonne.
March 2026 declined RM61 to RM4,003 per tonne, April 2026 decreased RM57 to RM4,010 per tonne, and May 2026 erased RM55 to RM4,010 per tonne.
Total volume surged to 119,178 lots from 73,960 lots on Monday, while open interest increased to 290,245 contracts from 288,313 contracts previously.
The physical CPO price for December South narrowed by RM30 to RM4,050 per tonne.
-- BERNAMA
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