Palm Oil Price Outlook For Last Week Of August

Crude palm oil futures on Bursa Malaysia Derivatives are expected to trade with a slight downward bias next week, as the recent sharp price rally could curb buying interest, according to a trader.

Palm oil trader David Ng said the recent rise in palm oil market prices has made palm oil more expensive compared with other vegetable oils.
He added: "So we may see demand shift away from palm oil towards other vegetable oils, which could lead to weaker demand in the coming weeks."

He continued: "Next week we expect the market to trade between 4,450 and 4,650 ringgit."

On a weekly basis:

• The September 2025 contract rose by 28 ringgit to reach 4,453 ringgit per tonne.
• The October 2025 contract jumped by 26 ringgit to reach 4,427 ringgit per tonne.
• The November 2025 contract climbed by 18 ringgit to reach 4,529 ringgit per tonne.
• The December 2025 contract rose by 18 ringgit to reach 4,546 ringgit per tonne.
• The January 2026 contract gained 21 ringgit to reach 4,547 ringgit per tonne.
• Meanwhile, the February 2026 contract held steady at 4,528 ringgit per tonne.

The August 2025 contract stood at 4,400 ringgit per tonne last Friday.

Weekly trading volume fell to 361,870 lots compared with 472,033 lots the previous week, while open interest slipped to 249,263 lots from 249,718 lots.

The physical price of crude palm oil for August delivery in the southern region stood at 4,400 ringgit per tonne last Friday, while the September southern delivery price was recorded at 4,470 ringgit per tonne.

Source: Bernama