Malaysian CPO Futures Seen Rising with Crude Oil Amid Geopolitical Tensions

Malaysian crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade higher next week due to expectations of firmer crude oil prices amid ongoing geopolitical tensions in West Asia. Senior palm oil trader Jim Teh of Interband Group of Companies told Bernama that CPO prices are following energy prices, which could rise further.

Teh predicted a trading range for CPO futures between RM4,500 and RM4,600 per tonne next week. However, he noted that Malaysia's palm oil stocks stood at 2.8 million tonnes in August, among the highest levels recorded this year, which may limit further price gains.

Proprietary trader David Ng of Iceberg X Sdn Bhd was more cautious in his prediction, expecting prices to trade between RM4,850 and RM5,000 next week due to the lack of clear bullish or bearish cues. The October 2026 contract rose RM28 to RM4,698 per tonne on a Friday-to-Friday basis.