By K. Naveen Prabu
KUALA LUMPUR, Dec 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today due to rising stock levels.
Palm oil trader David Ng said weak demand from buyers also weighed on market sentiment.
“We see support at RM3,850 and resistance at RM4,050,” he told Bernama.
At the close, the December 2025 contract fell RM68 to RM3,892 per tonne, January 2026 dropped RM70 to RM3,904 per tonne, and February 2026 declined RM75 to RM3,905 per tonne.
The March 2026 contract tumbled RM76 to RM3,911 per tonne, April 2026 slid RM71 to RM3,916 per tonne, and May 2026 decreased RM65 to RM3,914 per tonne.
Total volume grew to 81,381 lots from 70,597 on Thursday, while open interest increased to 276,507 contracts from 271,603 previously.
The physical CPO price for December South declined RM50 to RM3,950 per tonne.
-- BERNAMA
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