KUALA LUMPUR: The crude palm oil (CPO) futures market is expected to trade lower this week due to profit taking, says Interband Group of Companies senior palm oil trader Jim Teh.
He said the high CPO stocks in November 2025, as reported by the Malaysian Palm Oil Board (MPOB) last week, will also affect sentiment.
According to MPOB, Malaysia’s CPO inventory climbed 17.56% to 1.74 million tonnes last month compared to 1.47 million tonnes in October.
“Physical demand will come from India, Pakistan, the European Union, Middle East and the United States,” Teh told Bernama, adding that CPO prices are expected to range between RM3,800 and RM4,000 in the week ahead.
Meanwhile, palm oil trader David Ng expects the CPO futures market to trade with a bearish bias amid persistent concern over rising stock levels in the country.
He projected prices to range between RM3,950 and RM4,100 this week.
