CPO Futures Contract Ends Lower on Weaker Crude Oil Prices
The Malaysian CPO futures contract on Bursa Malaysia Derivatives ended lower on Thursday due to weaker crude oil prices. Lower crude oil prices generally weigh on CPO prices, affecting biodiesel demand as it is a blend of crude oil and palm oil.
At the close, the spot month July 2026 contract fell RM40 to RM4,445 per tonne, while the August 2026 note lost RM50 to RM4,478. The September 2026 contract shed RM51 to RM4,506.
The trading volume fell to 60,311 lots from 63,855 on Wednesday, while open interest climbed to 288,316 contracts from 288,117 previously.