Kuala Lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday, influenced by the downturn in the soybean oil market, according to palm oil trader David Ng. Market sentiment was further impacted by concerns regarding an anticipated rise in production in the coming weeks.

According to BERNAMA News Agency, Ng indicated that the market is currently observing support at RM3,800 per tonne and resistance at RM3,900 per tonne. At the close of trading, the new spot month of June 2025 saw a decrease by RM69 to RM3,822 per tonne. Similarly, July 2025 fell by RM71 to RM3,833 per tonne, while August 2025 decreased by RM74 to RM3,820 per tonne.

September 2025 recorded a decline of RM73 to RM3,809 per tonne, October 2025 went down by RM75 to RM3,803, and November 2025 eased by RM71 to RM3,809 per tonne. There was also a reduction in trading volume to 66,842 lots from the previous 79,236, while open interest slightly increased to 247,462 contracts from 243,689.

The physical CPO price for June South saw a reduction of RM30 to RM3,890 per tonne.