Lang
A trader said crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to maintain a mildly bullish trend next week, driven by weather-related factors.
David Ng, a palm oil trader, said recent flooding in several parts of Malaysia could dent production, stoking supply concerns and underpinning prices. He told Bernama: "The recent strength shown by the soybean oil market could also provide support for the palm oil market next week."
Meanwhile, Jim Teh, senior palm oil trader at the Interband group of companies, expects the market to remain volatile next week, describing it as a "yo-yo market" given that China is currently buying soybeans from the United States.
Teh said the trading range is expected to be between 3,800 and 3,900 ringgit per tonne, which would help clear the high physical stocks recorded in October. "At these price levels, we are attracting more buyers. Physical demand will come from India, Pakistan, the European Union, the Middle East, the United States and China," he added.
Compared with last Friday, Thursday's session this week saw the December 2025 contract settle unchanged at 4,050 ringgit per tonne, while the January 2026 contract rose by 18 ringgit to 4,081 ringgit per tonne, and the February 2026 contract gained 21 ringgit to reach 4,090 ringgit per tonne. The March 2026 contract climbed 25 ringgit to 4,103 ringgit per tonne, the April 2026 contract added 24 ringgit to reach 4,106 ringgit per tonne, while the May 2026 contract improved by 17 ringgit to settle at 4,101 ringgit per tonne.
Weekly trading volume fell to 319,379 lots, compared with 481,674 lots the previous week, while open interest declined to 282,153 contracts, down from 287,400 contracts previously. The physical price for December-delivery crude palm oil (southern region) held steady at 4,100 ringgit per tonne.
Earlier, trading on Bursa Malaysia's derivatives market was halted at 10:36am due to a fault in the Globex system. The exchange said all derivatives products traded on Globex — the global electronic derivatives trading platform run by the Chicago Mercantile Exchange (CME) Group — had been affected by the outage. Bursa Malaysia said it would notify stakeholders once the issue had been resolved.
Source: Bernama