By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Dec 22 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on stronger export demand, mainly due to the recent price weakness, a trader said.
Palm oil trader David Ng said the recent weakness in CPO price attracted buying interest as it became cheaper relative to other vegetable oils.
“Weak production estimates of CPO also affected sentiment. We see support at RM3,900 and resistance at RM4,080,” he told Bernama.
At the close, the January 2026 contract rose RM81 to RM3,973 per tonne, while February 2026 and April 2026 gained RM75 each to RM3,983 and RM3,990, respectively.
The March 2026 contract surged RM80 to RM3,985 per tonne, May 2026 increased RM72 to RM3,988, and June 2026 advanced RM68 to RM3,982.
Total volume declined to 50,781 lots from 81,381 on last Friday, while open interest fell to 270,951 contracts from 276,507 previously.
The physical CPO price for January South added RM50 to RM4,000 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
