By Abdul Hamid A Rahman
KUALA LUMPUR, Dec 30 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, supported by expectations of softer output and improving demand in the weeks ahead.
David Ng, a Kuala Lumpur-based proprietary trader at Iceberg X Sdn Bhd, said seasonal production trends have begun to influence market sentiment, with supply projected to ease as the year draws to a close.
“Year-end trading activity also played a role, as some market participants repositioned their portfolios and rolled into forward-month contracts ahead of the new year. Steady demand interest from key importing markets also helped sustain prices despite lingering volatility in the broader commodities complex,” he told Bernama.
From a technical standpoint, he said immediate support was seen at RM4,000 per tonne, while resistance was pegged at RM4,150 per tonne.
At the close, the January 2026 contract improved RM18 to RM4,027 per tonne, February 2026 added RM18 to RM4,056, and March 2026 rose RM23 to RM4,070.
The April 2026 contract gained RM27 to RM4,076 per tonne, May 2026 added RM29 to RM4,070, and June 2026 bagged RM26 to RM4,052.
Trading volume surged to 50,131 lots from 38,112 on Monday, while open interest slipped to 257,679 contracts from 258,679 previously.
The physical CPO price for January South added RM20 to RM4,050 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
