By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Dec 9 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly higher on Tuesday, reversing earlier losses due to stronger soybean oil prices, said palm oil trader David Ng.
Ng said the commodity’s price was also driven by the expectation of weaker output in the coming weeks.
“We see support at RM4,050 and resistance at RM4,200 per tonne,” he told Bernama.
At the close, the December 2025 contract slid RM24 to RM4,031 per tonne, but January 2026 increased by RM11 to RM4,085, and the February 2026 contract gained RM13 to RM4,106 per tonne.
The March 2026 contract rose RM12 to RM4,123 per tonne, the April 2026 contract added RM10 to RM4,128, and the May 2026 contract gained RM9 to RM4,124 per tonne.
Total volume rose to 58,351 lots from 37,603 lots from yesterday, while open interest was higher at 265,437 contracts from 265,197 previously.
The physical CPO price for December South remained unchanged at RM4,090 per tonne.
-- BERNAMA
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