Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to be volatile next week due to the long public holiday, a trader said. Interband Group of Companies senior palm oil trader Jim Teh stated that trading activity is anticipated to fluctuate as most international traders will be away. The market is expected to trade between RM4,200 and RM4,250 per tonne.

According to Bernama News Agency, Indonesia's government is investigating 20 companies, focusing on 10 large companies within the CPO industry for alleged under-invoicing activities. Jim Teh noted that Malaysia's palm oil stock remains high at 2.4 million tonnes, with expected physical demand from China, India, Pakistan, Middle Eastern countries, European Union member states, and the United States.

On a Friday-to-Friday basis, CPO futures for June and July 2026 increased by RM40 to RM4,470 and RM4,503 per tonne, respectively. The August 2026 contract rose by RM49 to RM4,535 per tonne, September 2026 edged up by RM59 to RM4,561 per tonne, October 2026 climbed RM65 to RM4,590 per tonne, and November 2026 improved by RM68 to RM4,620 per tonne.

The weekly trading volume decreased to 257,062 lots from 614,453 lots the previous week, while open interest increased to 285,715 contracts from 280,499. The physical CPO price for June South stood at RM4,490 per tonne.

Bursa Malaysia and its subsidiaries will be closed on Monday, June 1, and Tuesday, June 2, for the Yang di-Pertuan Agong's Birthday and the Wesak Day replacement holiday, with trading resuming on Wednesday, June 3.