Palm Oil Price Outlook For Last Week Of February 2025

Crude palm oil futures on Bursa Malaysia Derivatives are expected to trade sideways with a slight downward bias next week amid profit-taking, according to palm oil trader David Ng.

Ng told Bernama that prices are likely to range between 4,500 ringgit and 4,800 ringgit per tonne.

Meanwhile, Jim Teh, senior palm oil trader at Interband Group, expects the market to trade between 4,000 ringgit and 4,300 ringgit per tonne next week.

He noted that speculators could influence prices, which may push crude palm oil futures higher.

"As a result, India has cancelled its purchases of crude palm oil and related products from Malaysia, citing higher prices as the main reason," he added.
He explained that this price movement is largely driven by speculative trading.

Market Performance During The Week

This week, the crude palm oil market rose, supported by olein prices on China's Dalian Commodity Exchange, strong soybean oil prices, and higher crude oil prices.

On a week-on-week basis (Friday to Friday):

• The March 2025 contract gained 136 ringgit to close at 4,836 ringgit per tonne.
• The April 2025 contract rose 170 ringgit to 4,762 ringgit per tonne.
• The May 2025 contract added 165 ringgit to reach 4,664 ringgit per tonne.
• The June 2025 contract climbed 144 ringgit to 4,548 ringgit per tonne.
• The July 2025 contract advanced 120 ringgit to 4,441 ringgit per tonne.
• The August 2025 contract held steady at 4,367 ringgit per tonne.

Weekly trading volume rose to 435,333 contracts, compared with 430,283 contracts in the previous week, while open interest widened to 243,818 contracts from 230,867 contracts.

The physical price of crude palm oil for March (South Malaysia) rose by 100 ringgit to 4,900 ringgit per tonne.

Source: Bernama