By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Dec 3 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Wednesday, reversing earlier gains amid expectations of rising stocks, said palm oil trader David Ng.
He noted that the rising stock expectations are weighing on market sentiment.
“We see support well above RM4,000 and resistance at RM4,180,” Ng told Bernama.
At the close, the December 2025, January 2026 and February 2026 contracts eased RM6 each to RM4,090 per tonne, RM4,140 per tonne and RM4,153 per tonne, respectively.
The March contract fell RM8 to RM4,165 per tonne, the April 2025 contract declined RM3 to RM4,173 per tonne, while the May 2026 contract was RM7 lower at RM4,165 per tonne.
Total volume grew to 68,758 lots from 64,559 yesterday, while open interest edged up to 272,607 contracts from 227,917 previously.
The physical CPO price for December South remained unchanged at RM4,130 per tonne.
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