By Durratul Ain Ahmad Fuad and Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Jan 5 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on stronger soybean oil prices on the Chicago Board of Trade (CBOT), said a trader.
Kuala Lumpur-based proprietary trader David Ng of Iceberg X Sdn Bhd said market sentiment is also supported by expectations of stronger export demand in the coming weeks.
“Export demand is expected to strengthen in the coming weeks, supported by seasonal buying from China ahead of the Lunar New Year next month.
“We see support above RM3,950 per tonne and resistance at RM4,100,” he told Bernama.
At the close, the January 2026 contract fell RM4 to RM3,950 per tonne, but February 2026 rose RM15 to RM3,995 per tonne, and March 2026 increased RM23 to RM4,014 per tonne.
The April 2026 contract gained RM29 to RM4,028 per tonne, May 2026 improved RM35 to RM4,032 per tonne, and June 2026 advanced RM34 to RM4,028.
Trading volume strengthened to 40,027 lots from 30,105 lots on last Friday, while open interest edged up to 259,729 contracts from 259,181 contracts previously.
The physical CPO price for January South was unchanged at RM4,000 per tonne.
-- BERNAMA
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