Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to trade with a bullish bias in the coming week, driven by expectations of reduced output. Palm oil trader David Ng indicated that the lower stock levels in the country are also influencing market sentiment.

According to BERNAMA News Agency, David Ng predicts that CPO prices will fluctuate between RM4,400 and RM4,600 per tonne next week. Interband Group of Companies senior palm oil trader Jim Teh noted that market participants are awaiting the Malaysian Palm Oil Board’s release of monthly industry statistics on October 10, which will reveal the CPO stock level for September.

Demand is expected from India due to the festive season, as well as from China, Pakistan, Middle Eastern countries, and the European Union. On a weekly basis, the October 2025 contract increased by RM35 to RM4,400 a tonne, November 2025 saw a rise of RM51 to RM4,418 a tonne, and December 2025 went up by RM46 to RM4,442 a tonne.

January 2026 gained RM37 to RM4,457 a tonne, February 2026 rose by RM28 to RM4,448 a tonne, while March 2026 edged up RM8 to RM4,416 a tonne. The weekly trading volume decreased to 373,167 lots from 423,097 lots the previous week, while open interest increased to 273,808 contracts from 250,893 previously. In the physical market, October South rose by RM60 to RM4,420 a tonne.