By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Dec 27 (Bernama) -- The crude palm oil (CPO) futures are expected to trade lower next week amid profit-taking after recent gains, said Interband Group of Companies senior palm oil trader Jim Teh.
He said next week will be a short trading week, as most international palm oil traders will be observing Christmas and the New Year celebrations.
“We expect prices to range between RM3,800 per tonne and RM3,900 per tonne next week, which will be attractive for physical buyers, especially from China, India, Pakistan, the European Union, the Middle East countries and the United States,” he told Bernama.
Bursa Malaysia Bhd and its subsidiaries were closed on Dec 25, in observance of Christmas Day and resumed operations on Dec 26.
On a Friday-to-Friday basis, the January 2026 contract rose RM156 to RM4,060 per tonne, February 2026 advanced RM177 to RM4,082 per tonne, and March 2026 climbed RM178 to RM4,089 per tonne.
The April 2026 contract increased to RM169 to RM4,085 per tonne, May 2026 added RM158 to RM4,072 per tonne, and June 2026 stood at RM4,049 per tonne.
Weekly trading volume decreased to 239,880 lots from 408,456 lots last week, while open interest slid to 257,694 contracts from 276,507 contracts a week earlier.
The physical CPO price for December South was up by RM130 to RM4,080 a tonne.
-- BERNAMA
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