Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued to end higher on Wednesday, driven by expectations of weaker production, a trader said.

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng noted that CPO prices were also influenced by strong seasonal demand ahead of the Lunar New Year next month.

Ng mentioned that prices are currently supported above RM4,080 a tonne, with a resistance point at RM4,200 a tonne. Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa highlighted a shift in market sentiment, attributing the higher CPO futures price to short-term positive fundamentals such as increased exports and reduced production.

Varqa also pointed out that sustained buying interest has lifted the most active April contract to an eight-week high. At the close of the trading session, the February 2026 contract rose RM46 to RM4,112 per tonne, March 2026 added RM58 to RM4,142 per tonne, and April 2026 gained RM60 to RM4,154 per tonne. The May 2026 and June 2026 contracts increased RM59 to RM4,155 per tonne and RM4,149 per tonne, respectively, while July 2026 firmed up RM54 to RM4,138 per tonne.

The trading volume increased to 67,587 lots from 61,658 lots on Tuesday, although open interest decreased to 239,347 contracts from 243,700 previously. In the physical market, the CPO price for February South rose RM30 to RM4,130 per tonne.