By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Jan 20 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Tuesday, supported by stronger export performance, a trader said.
Iceberg X Sdn Bhd proprietary trader David Ng noted that prices were also buoyed by gains in Dalian palm olein futures.
“We see prices supported above RM4,000 a tonne, with resistance at RM4,180 a tonne,” he told Bernama.
Echoing Ng’s view, Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said CPO futures posted modest gains, underpinned by improving market sentiment amid higher January exports and lower production.
At the close, the February 2026 contract rose RM34 to RM4,066 per tonne, March 2026 added RM29 to RM4,084 per tonne, and April 2026 gained RM27 to RM4,094 per tonne.
The May 2026 contract increased RM23 to RM4,096 per tonne, June 2026 climbed RM19 to RM4,090 per tonne, and July 2026 firmed RM16 to RM4,084 per tonne.
Trading volume rose to 61,658 lots from 40,676 lots on Monday, while open interest increased to 243,700 contracts from 242,379 previously.
The physical CPO price for February South rose RM40 to RM4,100 per tonne.
-- BERNAMA
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