Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mostly higher on Friday, tracking stronger soybean oil prices. According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng indicated that the market was also supported by ongoing concerns over medium-term output amid El-Ni±o weather conditions affecting both Malaysia and Indonesia.

Ng remarked, 'We see prices supported above RM4,900 per tonne, with resistance at RM5,050 per tonne.' At the close, the September 2026 contract fell RM27 to RM4,608 per tonne, the October 2026 contract increased RM7 to RM4,775 per tonne, and the November 2026 contract gained RM25 to RM4,929 per tonne.

Additionally, the December 2026 contract strengthened by RM36 to RM5,054 per tonne, the January 2027 contract improved by RM48 to RM5,155 per tonne, and the February 2027 contract rose by RM58 to RM5,227 per tonne. Trading volume decreased to 116,950 lots from 137,648 lots on Thursday, while open interest fell to 334,025 contracts from 338,419 contracts the day before.

The physical CPO price for September South was RM20 lower at RM4,650 per tonne.