Palm oil futures rally above RM4,500 - highest in two months


KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied above RM4,500 per tonne for October benchmark contract -- the highest in two months, on lower July palm oil stocks.

Palm oil trader David Ng said the Malaysian Palm Oil Board’s (MPOB) data reported lower-than-expected stock levels as well as weaker-than-expected production.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
CPO , palm oil , futures

Next In Business News

CelcomDigi weighs on KLCI in early trade
Bursa suspends YBS' short-selling, issues UMA query
Malaysia's economy expands 5% in 4Q, 5.1% in 2024
Ringgit opens higher against US$, Asean currencies ahead of GDP data release
FBM KLCI little changed ahead of GDP result
Singapore's economy expands 4.4% in 2024, up from earlier estimates
Trading ideas: MAHB, Perak, Glomac, Sunway, MN, Able Global, Tanjung Offshore, DNeX, VS, CelcomDigi, Dialog, ES Sunlogy, Luxchem, Mega Fortris
Oil ends flat, pares early losses as tariffs delayed
Wall St ends higher after Trump unveils tariff plan
Positive outlook for property sector this year

Others Also Read