By K. Naveen Prabu
KUALA LUMPUR, Jan 27 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, supported by the strength in the soybean oil market, said a trader.
Proprietary trader David Ng of Iceberg X Sdn Bhd said prices were also supported by expectations of lower stock levels in the coming weeks.
“We see prices supported above RM4,150 and resistance at RM4,300 a tonne,” he told Bernama.
At the close, the February 2026 contract rose RM10 to RM4,182 per tonne, March 2026 gained RM28 to RM4,243 per tonne, and April 2026 advanced RM35 to RM4,260 per tonne.
The May 2026 contract climbed RM36 to RM4,252 per tonne, June 2026 increased RM37 to RM4,232 per tonne, while July 2026 added RM36 to RM4,211 per tonne.
Trading volume increased to 120,825 lots from 78,794 on Monday, while open interest went down to 218,306 contracts from 225,251 previously.
The physical CPO price for February South increased RM20 to RM4,200 per tonne.
-- BERNAMA
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