Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade sideways with a slight bearish bias next week amid profit-taking activities, said Interband Group of Companies senior palm oil trader Jim Teh. He indicated that prices are likely to move between RM4,300 and RM4,550 per tonne.

According to BERNAMA News Agency, physical demand is anticipated to continue coming from major markets including China, India, Pakistan, Middle Eastern countries, and some European Union buyers. Despite market fluctuations, these regions remain consistent in their demand for CPO.

On a weekly basis, the new spot-month November 2025 contract saw a decrease of RM57 to RM4,382 a tonne. The December 2025 contract fell by RM73 to RM4,403 a tonne, while the January 2026 contract slipped RM91 to RM4,422 a tonne. February 2026 experienced a drop of RM92 to RM4,435 a tonne, March 2026 edged down by RM86 to RM4,432 a tonne, and April 2026 dwindled by RM76 to RM4,420 a tonne.

The weekly trading volume also saw a reduction, falling to 361,379 lots from 510,118 lots the previous week. In tandem, open interest decreased to 256,714 contracts from 289,323 contracts previously. Meanwhile, the physical CPO price for November South remained unchanged at RM4,440 a tonne.