Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, recovering from the lowest levels seen in nearly six weeks, thanks to robust buying interest, according to a futures broker firm. According to BERNAMA News Agency, CGS International Malaysia Bhd stated that the rising crude and soybean oil prices enhanced the tropical commodity's appeal as a biofuel feedstock. The latest incidents in West Asia, which have jeopardized prospects for talks to end the Iran war, were supporting prices in Kuala Lumpur. The firm also pointed out that palm oil for July delivery rose as much as one percent during the morning trading, tracking crude higher. Brent crude oil jumped as much as 7.9 percent on Monday, erasing most of a drop on Friday, said CGS International. At the close, the May 2026 contract was up RM36 to RM4,491 per tonne, June 2026 increased RM48 to RM4,535 per tonne, and July 2026 gained RM61 to RM4,559 per tonne. The August 2026 contract edged up RM66 to RM4,564 per t onne, September 2026 added RM69 to RM4,557 per tonne, and October 2026 elevated RM71 to RM4,546 per tonne. Trading volume advanced to 115,871 lots from 84,757 lots on Monday, while open interest rose by 253,316 contracts from 252,691. The physical CPO price for May South rose RM50 to RM4,550 per tonne.
CPO Futures Rise On Strong Buying After Hitting Near Six-week Lows
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