Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, supported by the strength in the soybean oil market, said a trader. Proprietary trader David Ng of Iceberg X Sdn Bhd said prices were also supported by expectations of lower stock levels in the coming weeks.

According to BERNAMA News Agency, David Ng mentioned that prices are finding support above RM4,150, with resistance observed at RM4,300 a tonne. At the close of trading, the February 2026 contract rose by RM10 to RM4,182 per tonne, while the March 2026 contract saw an increase of RM28 to RM4,243 per tonne. The April 2026 contract advanced by RM35 to settle at RM4,260 per tonne.

Further gains were noted in the May, June, and July 2026 contracts. The May 2026 contract climbed RM36 to RM4,252 per tonne, June 2026 increased by RM37 to RM4,232 per tonne, and the July 2026 added RM36 to RM4,211 per tonne. The trading volume saw an increase to 120,825 lots from the previous 78,794 on Monday, although open interest decreased to 218,306 contracts from 225,251.

Additionally, the physical CPO price for February South increased by RM20, reaching RM4,200 per tonne.