By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Dec 24 (Bernama) -- CPO futures on Bursa Malaysia Derivatives closed mixed on Wednesday, as expectations of weaker output provided support despite the mixed sentiment, said palm oil trader David Ng.
He highlighted that CPO demand remains uncertain amid seasonal weakness, which is weighing on market prices.
“We see support at RM3,950 and resistance at RM4,130,” Ng told Bernama.
At the close, the February 2026 contract inched down by RM1 to RM4,029 per tonne, while March 2026 was up by RM1 to RM4,037.
However, the January 2026, April 2026, May 2026 and June 2026 contracts remain unchanged at RM4,010, RM4,036, RM4,028 and RM4,012 per tonne, respectively.
Total volume slid to 57,393 lots from 80,764 on Tuesday, while open interest fell to 262,197 contracts from 266,837 previously.
The physical CPO price for January South contracted by RM20 to RM4,010 per tonne.
Bursa Malaysia Bhd and its subsidiaries will be closed tomorrow, December 25, in observance of Christmas Day. Operations will resume on December 26.
-- BERNAMA
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