By K. Naveen Prabu
KUALA LUMPUR, Sept 17 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Thursday, weighed down by weaker soybean oil prices, said a trader.
Iceberg X Sdn Bhd proprietary trader David Ng said a recent sluggish export pace also weighed on market sentiment.
“We see prices supported above RM4,900 per tonne and resistance at RM5,080 per tonne,” he told Bernama.
At the close, the October 2026 contract decreased by RM29 to RM4,712 per tonne, November 2026 fell RM52 to RM4,832 per tonne, and December 2026 declined by RM62 to RM4,936 per tonne.
Meanwhile, the January 2027 contract decreased by RM58 to RM5,028 per tonne, February 2027 slipped RM44 to RM5,108 per tonne and March 2027 eased RM32 to RM5,169 per tonne.
Trading volume decreased to 137,371 lots from 153,885 on Tuesday, while open interest went down to 348,305 contracts from 351,861 previously.
The physical CPO price for September South remained unchanged at RM4,650 per tonne.
Bursa Malaysia and its subsidiaries were closed on Wednesday in conjunction with the Malaysia Day celebration, with trading resuming today.
-- BERNAMA