Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, driven by concerns over an anticipated rise in output. The market sentiment was affected by the expected increase in production in the coming weeks, along with existing high inventory levels in the country.

According to BERNAMA News Agency, palm oil trader David Ng highlighted that prices are finding support above RM4,380 a tonne, with a resistance level at RM4,540 a tonne. At the close of the trading session, the spot-month November 2025 contract saw a decline of RM46, settling at RM4,401 a tonne. The December 2025 and January 2026 contracts both fell by RM49 each, concluding at RM4,426 and RM4,456 a tonne, respectively.

Further contract movements included a decrease in the February 2026 contract by RM46 to RM4,468 a tonne, a drop in the March 2026 contract by RM31 to RM4,462 a tonne, and a reduction in the April 2026 contract by RM27 to RM4,448 a tonne. The total trading volume saw an increase to 109,930 lots from 64,163 lots on Tuesday, while open interest experienced a slight decline to 277,711 contracts from 279,217 contracts previously.

In the physical market, the November South contract fell RM30 to RM4,430 a tonne.