Kuala lumpur: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher on Wednesday, following the Malaysian Palm Oil Board’s (MPOB) lower estimate of Malaysian palm oil production.

According to BERNAMA News Agency, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani stated that MPOB has projected Malaysian palm oil production for November 1 to 12, 2025, to increase by three per cent, which is below market expectations of seven per cent. This projection has influenced market trends, leading to a rise in futures contracts.

Palm oil trader David Ng noted that the market sentiment was also buoyed by the stronger soybean oil and crude oil prices. However, he cautioned that price gains are being limited by the expectation of rising output and stock levels in the country. Ng commented, “We see prices well supported above RM3,980 a tonne, with resistance at RM4,150 a tonne.”

At the close, the December 2025 contract surged by RM24 to RM3,998, while the January 2026 contract rose by RM30 to RM4,014 per tonne. The February 2026 contract gained RM34 to RM4,024 per tonne. The March 2026 and April 2026 contracts advanced by RM35 to RM4,038 and RM4,045 per tonne, respectively, and the May 2026 contract climbed by RM31 to RM4,041 per tonne.

The total volume declined to 78,914 lots from 119,178 lots on Tuesday, and open interest fell to 283,393 contracts from 290,245 contracts previously. In the physical market, the CPO price for December South narrowed by RM10 to RM4,040 per tonne.