Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Wednesday, supported by expectations of lower inventories and stronger export demand, a trader said.

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng noted that buying interest was underpinned by expectations that exports would pick up in the coming weeks. Ng mentioned that CPO prices were expected to be supported above RM4,200, with resistance at RM4,350.

At the close, the February 2026 contract edged up RM1 to RM4,141 per tonne, while March 2026 rose RM2 to RM4,197. April 2026 and June contracts gained RM10 each to RM4,225 and RM4,214, respectively. The May 2026 contract advanced RM8 to RM4,225 per tonne, while July 2026 climbed RM14 to RM4,199.

Trading volume increased to 74,924 lots from 58,671 on Tuesday, while open interest decreased to 217,779 contracts from 219,350 previously. In the physical market, the February South CPO price eased RM10 to RM4,180 per tonne.