By Fatin Umairah Abdul Hamid
KUALA LUMPUR, May 15 (Bernama) -- The crude palm oil (CPO) futures snapped a four-day winning streak to end lower on Thursday, weighed down by weaker soybean oil prices.
Palm oil trader David Ng said the decline reflected concerns over a potential change to the renewable biofuel credit policy in the United States.
“We see support at RM3,750 per tonne and resistance at RM3,950 per tonne,” he told Bernama.
At the close, May 2025 decreased RM69 to RM3,831 per tonne, June 2025 and July 2025 fell RM55 each to RM3,872 per tonne and RM3,868 respectively.
August 2025 declined RM59 to RM3,856 per tonne, September 2025 slipped RM54 to RM3,852 per tonne, and October 2025 was RM45 lower to RM3,855 per tonne.
Trading volume decreased to 96,117 lots from 121,576 lots yesterday, while open interest narrowed to 238,933 contracts from 242,608 contracts previously.
The physical CPO price for May South dropped RM50 to RM3,930 per tonne.
-- BERNAMA
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