By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Nov 12 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended lower on Wednesday, weighed down by declining soybean oil prices, a trader said.
Palm oil trader David Ng said market sentiment was also pressured by the stronger ringgit against the US dollar.
“We see prices supported above RM4,100 and resistance at RM4,250,” he told Bernama.
At 6 pm, the ringgit appreciated to 4.1315/1385 versus the greenback from Tuesday’s close of 4.1360/1395.
At the close, the spot-month November 2025 contract slipped by RM111 to RM3,957 per tonne, December 2025 contract fell by RM15 to RM4,085 and January 2026 slid RM13 to RM4,124.
The February 2026 contract was marginally lower by RM12 to RM4,153 per tonne, March 2026 inched down by RM10 to RM4,170 and April 2026 was down by RM8 to RM4,178.
Total volume surged to 57,444 lots from 89,319 on Tuesday, while open interest reduced to 263,092 contracts from 263,747 previously.
The physical CPO price for November South lost RM20 to RM4,110 a tonne.
-- BERNAMA
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