KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a downward bias this week amid rising stock levels and anticipation of higher production in the coming weeks, says a trader.
Iceberg X Sdn Bhd proprietary trader David Ng said the local stock level is reaching almost three million tonnes and 2025 total production could surpass 20 million tonnes, the highest in the past three years.
“We expect CPO prices to range between RM3,950 and RM4,100 per tonne.
“Market traders will be closely monitoring the official Malaysian Palm Oil Board report due to be released next Monday,” he told Bernama.
Last week, CPO futures traded mostly higher on stronger prices on the Dalian Commodity Exchange, higher soybean oil prices on the Chicago Board of Trade, and market speculation that Indonesia may raise CPO export duty from 10% to 15% to fund the B50 biodiesel mandate. On a Friday-to-Friday basis, the January 2026 contract slid RM4 to RM3,950 per tonne.
