By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 10 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives settled higher on Thursday, driven by stronger soybean and crude oil prices, said palm oil trader David Ng.
He said the price increment followed the announcement by United States President Donald Trump of a 90-day pause on the implementation of “reciprocal” tariffs.
“We see support at RM4,150 per tonne and resistance at RM4,320 per tonne,” he told Bernama.
At the close, the April 2025 contract rose by RM18 to RM4,444 per tonne, May 2025 increased by RM32 to RM4,331 per tonne, and June 2025 gained RM52 to RM4,200 per tonne.
The July 2025 and August 2025 contracts jumped RM61 each to RM4,122 and RM4,072 per tonne, respectively, and September 2025 added RM59 to RM4,044 per tonne.
Trading volume decreased to 90,966 lots from 132,491 lots on Wednesday, while open interest slipped to 247,188 contracts from 248,610 contracts previously.
The physical CPO price for April South fell by RM50 to RM4,550 per tonne.
-- BERNAMA
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