Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Friday, driven by ongoing concerns over rising stock levels and production in the country.

According to BERNAMA News Agency, proprietary trader David Ng from Iceberg X Sdn Bhd noted that recent export sluggishness has also contributed to the price pressure. Despite these factors, he highlighted that stronger soybean oil and crude oil prices have somewhat limited the decline in CPO futures prices. Ng mentioned that prices remain supported above RM4,800 per tonne with resistance observed at RM4,950 per tonne.

At the market's close, the September 2026 contract experienced a decrease of RM48, settling at RM4,550 per tonne. Similarly, the October 2026 contract dropped RM46 to RM4,670 per tonne, and the November 2026 contract slid RM71 to RM4,814 per tonne. The December 2026 contract decreased by RM89 to RM4,944 per tonne, the January 2027 contract fell RM98 to RM5,056 per tonne, and the February 2027 contract reduced by RM100 to RM5,148 per tonne.

Trading activity saw an increase, with the volume rising to 176,318 lots compared to 149,992 on Thursday. Additionally, open interest expanded to 349,906 contracts from 340,891 previously. The physical CPO price for September South also fell, decreasing by RM30 to RM4,620 per tonne.