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A trader said crude palm oil futures on Bursa Malaysia Derivatives are expected to trade with an upward bias next week amid signs of falling production.
David Ng, a proprietary trader at Iceberg X Sdn Bhd, said tight supply conditions, coupled with improving demand prospects, are likely to underpin prices. He told Bernama: "We expect prices to trade between 4,200 ringgit and 4,350 ringgit per tonne next week."
Sathia Varqa, senior analyst at Fastmarkets Palm Oil Analytics, said market participants would be closely watching January supply and demand estimates ahead of the release of official data from the Malaysian Palm Oil Board (MPOB).
He added: "Other key data include production estimates from the Malaysian Palm Oil Association for the period from 1 to 31 January, as well as export data from cargo surveyors for the same period."
On a week-on-week basis, Friday to Friday, the February 2026 contract rose by 32 ringgit to 4,160 ringgit per tonne, the March 2026 contract gained 45 ringgit to reach 4,209 ringgit per tonne, and the April 2026 contract advanced 54 ringgit to 4,229 ringgit per tonne.
The May 2026 contract also strengthened by 56 ringgit to 4,228 ringgit per tonne, the June 2026 contract climbed 52 ringgit to settle at 4,213 ringgit per tonne, and the July 2026 contract added 45 ringgit to reach 4,194 ringgit per tonne.
Weekly trading volume rose to 455,274 lots, compared with 333,697 lots in the previous week, while open interest fell to 220,712 contracts from 228,950 contracts previously.
The new January southern-region physical crude palm oil price rose by 60 ringgit to 4,200 ringgit per tonne.
Source: Bernama