CPO FUTURES CLOSE HIGHER, TRACKING GAINS IN CRUDE OIL ANDSOYBEAN OIL PRICES
31/03/2026 (Bernama), Kuala Lumpur - Crude palm oil (CPO)futures on Bursa Malaysia Derivatives closed higher, reversing earlier losses amid stronger crude oil and soybean oil prices, a trader said.
Iceberg X Sdn Bhd proprietary trader David Ng said that recent strong export performance also lifted market sentiment today.
“We see prices supported above RM4,700 per tonne and resistance at RM4,850 per tonne,” he told Bernama.
At the time of writing, Brent crude oil rose 4.53 per cent toUS$117.89 per barrel.
At the close, the April 2026 and July contracts rose RM63 each toRM4,729 and RM4,828 per tonne, respectively, while May 2026gained RM49 to RM4,797 per tonne, and June 2026 advanced RM56to RM4,828 per tonne.
August 2026 climbed RM66 to RM4,806 per tonne and September2026 climbed RM65 to RM4,776 per tonne.
Trading volume increased to 109,419 lots from 104,052 lots on Monday, while open interest went up to 246,071 contracts from242,882 contracts previously.
The physical CPO price for April South increased by RM50 toRM4,750 per tonne.