CPO Futures Expected to Rise Next Week on Increased Demand Outlook
Market watchers in Kuala Lumpur say crude palm oil futures are set to trade higher next week. Traders point to an increased demand outlook driven by geopolitical tensions.
David Ng, a proprietary trader at Iceberg X Sdn Bhd, said the US‑Iran conflict lifted demand expectations. He forecast prices between RM4,500 and RM4,680 per tonne.
Market movements
On a weekly basis, front‑month and nearby contracts showed mixed results. The April 2026 contract fell RM40 to RM4,540 per tonne.
May slipped RM8 to RM4,611 and June gained RM20 to RM4,631.
- July 2026 gained RM40 to RM4,620 per tonne.
- August 2026 rose RM55 to RM4,597 per tonne.
- September 2026 advanced RM66 to RM4,570 per tonne.
Volumes and physical price
Weekly trading volume surged to 363,166 lots. It jumped from 136,763 lots the previous week.
Open interest eased to 236,911 contracts from 237,306 previously. The physical CPO price for March South fell RM40 to RM4,560 per tonne.
Traders said spot weakness contrasted with futures activity. They will monitor further demand signals closely.
Outlook
Overall, CPO futures are expected to rise next week as the demand outlook strengthens. Market participants will watch geopolitical developments and global demand signals.
Reported March 28 from Kuala Lumpur. Filmogaz.com compiled the market update.
