By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Dec 8 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, tracking the weakness in soybean oil prices, a trader said.
Palm oil trader David Ng said that the firmer ringgit against the US dollar also weighed on market sentiment.
At 6 pm, the ringgit was almost unchanged at 4.1100/1145 against the greenback compared with last Friday’s close of 4.1105/1140.
“We see support at RM4,050 and resistance at RM4,200 per tonne,” he told Bernama.
At the close, the December 2025 contract slid RM40 to RM4,055 per tonne, January 2026 decreased RM61 to RM4,074, and February 2026 dropped RM59 to RM4,093 per tonne.
Meanwhile, the March 2026 contract dipped RM57 to RM4,111 per tonne, while the April 2026 and May 2026 contracts lost RM53 each to RM4,118 and RM4,115 per tonne, respectively.
Total volume fell to 37,603 lots from 46,832 lots last Friday, while open interest rose to 265,197 contracts from 262,698 previously.
The physical CPO price for December South fell by RM60 to RM4,090 per tonne.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
