By Abdul Hamid A Rahman
KUALA LUMPUR, Dec 31 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on the final trading day of 2025 weighed by concerns over weaker demand prospects.
Kuala Lumpur-based proprietary trader David Ng of Iceberg X Sdn Bhd said the market ended on a softer note as participants remained cautious about near-term demand, particularly heading into early 2026.
“Weaker soybean oil prices on the Chicago Board of Trade (CBOT) further dampened market sentiment, adding pressure to palm oil prices amid subdued global vegetable oil demand.
“Year-end profit-taking also contributed to the decline, as traders adjusted and repositioned their portfolios ahead of the new trading year,” he said told Bernama.
From a technical perspective, he said CPO prices are expected to find support at RM4,000 per tonne, with immediate resistance at RM4,150 per tonne.
At the close, the January 2026 contract fell RM29 to RM3,998 per tonne, February 2026 slipped RM21 to RM4,035, and March 2026 slid RM20 to RM4,050 per tonne.
The April 2026 contract shed RM17 to RM4,059 per tonne, May 2026 dipped RM14 to RM4,056, and June 2026 declined RM5.0 to RM4,047 per tonne.
Trading volume dropped to 47,655 lots from 50,131 lots on Tuesday, while open interest rose to 258,194 contracts from 257,679 contracts previously.
The physical CPO price for January South fell RM20 to RM4,030 per tonne.
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