Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today due to forest fires in North Sumatra, a dealer said. Palm oil trader David Ng noted that the situation might hinder production in the medium term, possibly affecting output by the end of this year or early next year.

According to BERNAMA News Agency, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani highlighted Indonesia’s declaration of a state of emergency in North Sumatra, which has introduced new supply concerns. This development has contributed to a market recovery from Tuesday onward. Bagani also pointed out that a potential upward revision of Indonesian palm oil export taxes and levies depends on prices remaining above RM4,200 per tonne over the next fortnight. Such adjustments could indirectly support Malaysian palm oil by enhancing its relative pricing and export appeal.

At the close, the spot-month August contract increased by RM21 to RM4,209 per tonne, the September 2025 contract rose by RM23 to RM4,254 per tonne, and the October 2025 contract slightly increased by RM24 to RM4,278 per tonne. The November 2025 contract climbed by RM24 to RM4,293 per tonne, December 2025 gained RM23 to RM4,302 per tonne, and January 2026 was up by RM23 to RM4,307 per tonne.

Trading volume declined to 59,067 lots from 61,890 lots on Tuesday, while open interest saw an increase to 224,701 contracts from the previous 224,301 contracts. The physical CPO price for August South also rose by RM20 to RM4,230 per tonne.