Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continue to close higher on Tuesday, supported by higher soybean oil, a trader said. Iceberg X Sdn Bhd proprietary trader David Ng said the expectation of lower stockpiles is also supporting market sentiment.

According to BERNAMA News Agency, prices remain strong with support above RM4,600 per tonne and resistance at RM4,750. At the close, the May 2026 and July 2026 contracts saw an increase of RM88 each, reaching RM4,642 and RM4,710 per tonne, respectively, while the June 2026 contract climbed RM91 to RM4,681. Additionally, the August 2026 contract rose RM83 to RM4,721 per tonne, September 2026 added RM76 to RM4,722, and October 2026 gained RM69 to RM4,720.

Trading volume showed a significant recovery to 91,276 lots from 53,253 on Monday, and open interest increased to 273,309 contracts from 264,144 previously. The physical CPO price for May South saw an advancement of RM50 to RM4,650 per tonne.