THE crude palm oil (CPO) futures market is expected to trade with a slight upward bias next week, supported by the recent strength in export demand, said palm oil trader David Ng.
Ng told Bernama that prices are expected to range between RM3,700 and RM3,880 per tonne.
Meanwhile, the Interband group of companies senior palm oil trader Jim Teh said next week’s market is likely to be volatile, or a “yo-yo” market, due to the high physical stock levels in Malaysia and Indonesia.
“The price range for CPO futures is expected to hover between RM3,700 and RM3,900 per tonne.
“At this price level, we anticipate strong interest from physical buyers in China, India, Pakistan, Middle Eastern countries, and the European Union,” he added.
On a Friday-to-Friday basis, the new spot-month June 2025 increased RM26 to RM3,839 per tonne, July 2025 was RM14 higher at RM3,828 per tonne, and August 2025 fell RM12 to RM3,815 per tonne.
September 2025 declined RM29 to RM3,808 per tonne, October 2025 slipped RM44 to RM3,809 per tonne, and November 2025 stood at RM3,818 per tonne.
Weekly trading volume increased to 378,493 lots from 347,140 the previous week, while open interest declined to 239,366 contracts from 240,098.
The physical CPO price for May South increased by RM60 to RM3,910 per tonne. — BERNAMA
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