Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mixed today, as profit-taking emerged after the prices rose earlier in the session, according to an analyst.
According to BERNAMA News Agency, Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa noted that CPO futures began the trading week modestly higher, building on the buying momentum as traders observed significant gains in crude oil prices during Asian trading hours. However, the upward movement lost its strength in the second half of the session. Profit-taking activities emerged, and significant losses in related vegetable oil markets affected market sentiment, which trimmed gains across the board and resulted in a mixed closing.
At the market close, the September 2026 contract increased by RM47 to RM4,597 per tonne, the October 2026 contract grew by RM47 to RM4,717 per tonne, and the November 2026 contract went up by RM36 to RM4,850 per tonne. Meanwhile, the December 2026 contract climbed RM14 to RM4,958 per tonne. Conversely, the January 2027 contract declined by RM4 to RM5,052 per tonne, and the February 2027 contract slid RM16 to RM5,132 per tonne.
Trading volume decreased to 147,722 lots from 176,318 last Friday, while open interest slightly increased to 351,160 contracts from 349,906 previously. In the physical market, the CPO price for September South rose by RM10 to RM4,630 per tonne.