CPO Prices Expected to Trade Lower in the Third Week of July 2025

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade lower next week, affected by continued weakness in soybean oil and crude oil markets.

Palm oil trader David Ng said the recent downward trend in soybean oil and crude oil prices is likely to limit gains in the crude palm oil market because of the strong influence of these external markets on trader sentiment.

He added: “Soybean oil and palm oil compete in the global vegetable oil market. When soybean oil prices fall, buyers may shift to it, reducing demand for palm oil.”

He told Bernama: “We expect prices next week to range between RM4,050 and RM4,200 per tonne.”

Contract Performance

• July 2025 rose by RM75 to RM4,070 per tonne.
• August 2025 increased by RM91 to RM4,144 per tonne.
• September 2025 climbed by RM112 to RM4,174 per tonne.
• October 2025 rose by RM113 to RM4,177 per tonne.
• November 2025 added RM109 to RM4,174 per tonne.
• December 2025 advanced by RM103 to RM4,175 per tonne.

Trading Indicators

• Weekly trading volume rose to 435,464 lots from 253,182 lots the previous week.
• Open interest increased to 231,427 contracts from 226,243 contracts a week earlier.
• The physical crude palm oil price for July South Malaysia rose by RM110 to RM4,160 per tonne.

Source: Bernama