KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives settled higher yesterday, driven by stronger soybean and crude oil prices, says palm oil trader David Ng.
He said the price increment followed the announcement by US President Donald Trump of a 90-day pause on the implementation of “reciprocal” tariffs.
“We see support at RM4,150 per tonne and resistance at RM4,320 per tonne,” he said.
At the close, the April 2025 contract rose by RM18 to RM4,444 per tonne, May 2025 increased by RM32 to RM4,331 per tonne, and June 2025 gained RM52 to RM4,200 per tonne. — Bernama
