Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a bullish bias next week amid signs of weaker output, a dealer said.

According to BERNAMA News Agency, proprietary trader David Ng of Iceberg X Sdn Bhd mentioned that tightening supply conditions, alongside improving demand prospects, are likely to provide support for prices. Ng anticipates prices to trade between RM4,200 a tonne and RM4,350 a tonne.

Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa noted that market participants will focus on January supply and demand estimates ahead of the official Malaysian Palm Oil Board (MPOB) data. Varqa highlighted other key data, including the Malaysian Palm Oil Association's (MPOA) Jan 1-31 production estimate and cargo surveyors' export data for the same period.

On a Friday-to-Friday basis, adjustments were observed across various contracts: the February 2026 contract rose RM32 to RM4,160 per tonne, March 2026 gained RM45 to RM4,209 per tonne, and April 2026 advanced RM54 to RM4,229 per tonne. The May 2026 contract strengthened RM56 to RM4,228 per tonne, June 2026 climbed RM52 to RM4,213 per tonne, and the July 2026 contract increased RM45 to RM4,194 per tonne.

The weekly trading volume showed an increase to 455,274 lots from 333,697 lots last week, while open interest decreased to 220,712 contracts from 228,950 contracts previously. The new physical CPO price for January South also rose RM60 to RM4,200 a tonne.