Downtrend in KLCE CPO Market: Heavy Pressure on All Futures Contracts by May 16

16-May-2025 05:32 PM

Downtrend in KLCE CPO Market: Heavy Pressure on All Futures Contracts by May 16
★ Between May 13 and 16, 2025, the Malaysian Crude Palm Oil (KLCE CPO) futures market witnessed significant volatility. While the week began with a bullish tone, it ended with a sharp decline across all contract months.
~~~~~~~
Uptrend on May 13–14
★ On May 13, the June futures closed at 3827 with no change, while July and August contracts closed at 3933 and 3931 respectively, gaining 38 points each.
★ The bullish trend continued on May 14, with June futures closing at 3958 (+31), July at 3957 (+34), and August at 3952 (+37).
~~~~~~~
Heavy Decline on May 15–16
The downturn began on May 15:
* June closed at 3855 (−17)
* July at 3846 (−22)
* August at 3835 (−21)
The decline intensified on May 16:
* June futures: 3839 (−33)
* July futures: 3825 (−43)
* August futures: 3812 (−44)
★ The USD/INR rate rose from $84.86 on May 13 to $85.51 on May 16, which could potentially increase import costs for Indian buyers.