By Siti Noor Afera Abu
KUALA LUMPUR, May 10 (Bernama) -- The crude palm oil (CPO) futures market will likely remain under pressure next week amid expectations of rising output and stock levels.
Palm oil trader David Ng said the market may trade with a downside bias, with prices expected to range between RM3,650 per tonne and RM3,900 per tonne.
“Furthermore, sentiment is also cautious ahead of a potentially bearish Malaysian Palm Oil Board (MPOB) report, which could reinforce expectations of weaker prices,” he told Bernama.
The MPOB will release its monthly production and export data on May 13.
On a Friday-to-Friday basis, the spot month May 2025 slid by RM130 to RM3,790 per tonne, June 2025 fell RM94 to RM3,813 per tonne, and July 2025 slipped by RM67 to RM3,814 per tonne.
August 2025 declined RM56 to RM3,827 per tonne, September 2025 contracted by RM51 to RM3,837 per tonne, and October 2025 was RM38 lower at RM3,853 per tonne.
Weekly trading volume increased to 347,140 lots from 240,534 the previous week, while open interest widened to 240,098 contracts from 232,901.
The physical CPO price for May South decreased by RM170 to RM3,850 per tonne.
Bursa Malaysia Bhd and its subsidiaries will be closed on May 12 (Monday) in conjunction with the Wesak Day public holiday, and will resume operations on May 13 (Tuesday).
-- BERNAMA
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