By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Feb 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher, tracking the gains in the Chicago Board of Trade (CBOT) soybean oil market, a trader said.
Iceberg X Sdn Bhd proprietary trader David Ng said the trade deal between China and the United States is lifting sentiment in the soybean oil market, while helping to boost CPO prices.
“We see CPO prices supported above RM4,100 per tonne, with resistance at RM4,280,” he told Bernama.
At the close, the February 2026 contract gained RM18 to RM4,100 per tonne, March 2026 rose by RM11 to RM4,132 per tonne, and April 2026 edged up RM6 to RM4,160 per tonne.
The May 2026 contract increased by RM4 to RM4,167 per tonne, while June 2026 and July 2026 improved slightly by RM3 to RM4,161 per tonne and RM4,153 per tonne, respectively.
Trading volume decreased to 41,661 lots from 84,668 last Friday, while open interest fell to 216,074 contracts from 220,712 previously.
The physical CPO price for February South increased RM20 to RM4,150 per tonne.
-- BERNAMA
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