Crude Palm Oil Futures Likely to Trade Lower Next Week

Crude palm oil futures on Bursa Malaysia Derivatives are expected to trade lower next week after crude oil prices moved below US$100 per barrel.

Jim Teh, senior palm oil trader at Interband Group of Companies, said prices are expected to move between RM4,200 and RM4,300 per tonne.

Physical demand is expected from major importing markets as buyers continue to rebuild inventories. Traders will also focus on the monthly report from the Malaysian Palm Oil Board covering April palm oil performance.

On a weekly basis, palm oil futures contracts for May to October 2026 closed lower. Weekly trading volume rose to 435,410 contracts, while open interest increased to 281,027 contracts. The physical crude palm oil price for May in the southern region stood at RM4,550 per tonne.

Source: Bernama

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