By Siti Noor Afera Abu
KUALA LUMPUR, May 9 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on stronger soybean oil and crude oil prices.
Palm oil trader David Ng said a weaker ringgit is also seen as a positive factor supporting prices in the near term.
“We see prices supported at RM3,750 per tonne and resistance at RM3,950 per tonne,” he told Bernama.
At the close, May 2025 rose RM18 to RM3,790 per tonne, June 2025 increased RM16 to RM3,813 per tonne, July 2025 went up RM13 to RM3,814 per tonne, August 2025 added RM7 to RM3,827 per tonne, September 2025 gained RM4 to RM3,837 per tonne, and October 2025 was RM7 higher at RM3,853 per tonne.
Trading volume declined to 89,661 lots from 96,041 yesterday, while open interest rose to 240,098 contracts from 235,144 contracts previously.
The physical CPO price for May South rose RM30 to RM3,850 per tonne.
Bursa Malaysia Bhd and its subsidiaries will be closed on Monday, May 12, in conjunction with the Wesak Day public holiday, and will resume operations on Tuesday, May 13.
-- BERNAMA
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